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Loretto Audio produced and sold 761 units of the companys signature (and only) product in...

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Accounting

Loretto Audio produced and sold 761 units of the companys signature (and only) product in November. You have collected the following information from the accounting records:
Sales price (per unit) $ 755
Manufacturing costs:
Fixed overhead (for the month)68,250
Direct labor (per unit)164
Direct materials (per unit)257
Variable overhead (per unit)206
Marketing and administrative costs:
Fixed costs (for the month)83,261
Variable costs (per unit)29
Required:
a. Compute the following:
1. Variable manufacturing cost per unit
2. Full cost per unit
3. Variable cost per unit
4. Full absorption cost per unit
5. Prime cost per unit
6. Conversion cost per unit
7. Profit margin per unit
8. Contribution margin per unit
9. Gross margin per unit

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