The following cost information is available for a single product manufactured and sold by Savannah...
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Accounting
The following cost information is available for a single product manufactured and sold by Savannah Drip-Dry
Variable costs: Direct materials $ 10 Fixed costs (in total):
(Per unit) Direct labor 12 Fixed overhead $ 540,000
Variable overhead 3 Fixed selling 360,000
Variable selling 2
Units sell for $36 each, and the firm is currently manufacturing and selling 120,000 units.
1. Determine the contribution margin per unit and the contribution margin ratio (percentage).
2. Calculate the firm
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