Harris Corporation produces a single product. Last year, Harris manufactured 30,030 units and sold 24,700...
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Accounting
Harris Corporation produces a single product. Last year, Harris manufactured 30,030 units and sold 24,700 units. Production costs for the year were as follows:
| Fixed manufacturing overhead | $420,420 |
| Variable manufacturing overhead | $237,237 |
| Direct labor | $126,126 |
| Direct materials | $243,243 |
| Sales were $1,272,050, for the year, variable selling and administrative expenses were $133,380, and fixed selling and administrative expenses were $195,195. There was no beginning inventory. Assume that direct labor is a variable cost. |
| The contribution margin per unit would be: (Do not round intermediate calculations.) |
$27.20 per unit
$31.30 per unit
$25.90 per unit
$21.40 per unit
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