Business, 13.07.2020 21:01 cjones2941

Suppose that Larimer Company sells a product for $24. Unit costs are as follows: Direct materials $4.98
Direct labor 2.10
Variable factory overhead 1.00
Variable selling and administrative expense 2.00

Total fixed factory overhead is $26,500 per year, and total fixed selling and administrative expense is $15,260.

Requried:
a. Calculate the variable cost per unit and the contribution margin per unit.
b. Calculate the contribution margin ratio and the variable cost ratio.
c. Calculate the break-even units.

Answers: 1

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Suppose that Larimer Company sells a product for $24. Unit costs are as follows: Direct materials $...

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