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Need answers Dawson Company has been producing and selling 100,000...

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Accounting

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Dawson Company has been producing and selling 100,000 units per year. They have excess capacity, and there are no beginning and ending inventories. The following budget was prepared for the next year. Selling price per unit $11.00 Direct materials per unit $5.00 Direct labor per unit $3.00 Variable manufacturing overhead per unit $1.00 Variable selling and administrative per unit $0.25 Total fixed manufacturing overhead costs $50,000 Total fixed selling and administrative $15,000 Under the Contribution Approach provide the following information: (1) What is total sales? $ (4 pts.) (2) What is the Variable Manufacturing Cost of Goods Sold? $ (3 pts.) (3) What is total Variable Expenses? $ (3 pts.) (4) What is the Contribution Margin? $ (3 pts.) (5) What is the Operating Income? $ (3 pts.) Under the Absorption Approach provide the following information: (6) What is the Manufacturing Cost of Goods Sold? $ (3 pts.)

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