Loretto Audio produced and sold units of the companys signature and only product in November. You have collected the following information from the accounting records:
Sales price per unit $
Manufacturing costs:
Fixed overhead for the month
Direct labor per unit
Direct materials per unit
Variable overhead per unit
Marketing and administrative costs:
Fixed costs for the month
Variable costs per unit
Required:
a Compute the following:
Variable manufacturing cost per unit
Full cost per unit
Variable cost per unit
Full absorption cost per unit
Prime cost per unit
Conversion cost per unit
Profit margin per unit
Contribution margin per unit
Gross margin per unit
