HarrisCorporation produces a single product. Last year, Harris manufactured 26,0

Question

HarrisCorporation produces a single product. Last year, Harris manufactured 26,030 units and sold 20,700 units. Production costs for the year were as follows:

Sales were $983,250, for the year, variable selling and administrative expenses were $120,060, and fixed selling and administrative expenses were $161,386. There was no beginning inventory. Assume that direct labor is a variable cost.

The contribution margin per unit would be: (Do not round intermediate calculations.)

HarrisCorporation produces a single product. Last year, Harris manufactured 26,030 units and sold 20,700 units. Production costs for the year were as follows:

Explanation / Answer

The contribution margin per unit =Sales were $983,250-Direct labor $143165- Direct materials$192622- Variable manufacturing overhead$210,843-variable selling and administrative expenses were $120,060/20,700=316,560/20,700=$15.292

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