The Cost Accountant for the Corner Manufacturing Company Has Provided

Essay

The cost accountant for the Corner Manufacturing Company has provided you with the following information for the month of July:
$$\begin{array} { l c c } & \text { Variable costs Per unit } & \text { Total Fixed } \\\text { Direct labor } & \$ 27.50 & \\\text { Direct materials } & 84.75 & \\\text { Manfacturing overhead } & 14.25 & \$ 120,000 \\\text { Marketing costs } & 5.30 & 50,000 \\\text { Administrative costs } & 2.90 & 75,000\end{array}$$
Required:
Compute the following per unit items, assuming the company produced and sold 5,000 units at a price of $210.00 per unit.
(a) Total variable cost.
(b) Variable inventoriable cost.
(c) Full absorption cost.
(d) Full cost.
(e) Contribution margin.
(f) Gross margin.
(g) Profit margin.