Required information The Foundational 15 [LO1-1, LO1-2, LO1-3, LO1-4, LO1-5, LO1-6] [The following...
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The Foundational 15 [LO1-1, LO1-2, LO1-3, LO1-4, LO1-5, LO1-6]
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Martinez Companys relevant range of production is 7,500 units to 12,500 units. When it produces and sells 10,000 units, its average costs per unit are as follows:
| Average Cost Per Unit | |||
| Direct materials | $ | 5.70 | |
| Direct labor | $ | 3.20 | |
| Variable manufacturing overhead | $ | 1.60 | |
| Fixed manufacturing overhead | $ | 4.00 | |
| Fixed selling expense | $ | 2.70 | |
| Fixed administrative expense | $ | 2.10 | |
| Sales commissions | $ | 1.10 | |
| Variable administrative expense | $ | 0.55 | |
Foundational 1-3
3. If 8,000 units are produced and sold, what is the variable cost per unit produced and sold? (Round your answer to 2 decimal places.)
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