Krepps Corporation produces a single product. Last year, Krepps manufactured 34,930 units and sold 29,900...
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Accounting
Krepps Corporation produces a single product. Last year, Krepps manufactured 34,930 units and sold 29,900 units. Production costs for the year were as follows:
| Direct materials | $ | 265,468 | |
| Direct labor | $ | 171,157 | |
| Variable manufacturing overhead | $ | 300,398 | |
| Fixed manufacturing overhead | $ | 454,090 | |
Sales totaled $1,330,550 for the year, variable selling and administrative expenses totaled $170,430, and fixed selling and administrative expenses totaled $261,975. There was no beginning inventory. Assume that direct labor is a variable cost.
The contribution margin per unit was: (Round your intermediate calculations to 2 decimal places.)
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