S21-8 (similar to) Question Help Ace, Inc. has the following cost data for Produ

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S21-8 (similar to) Question Help Ace, Inc. has the following cost data for Product X, and unit product cost using variable costing when production is 600 Prodct X sells for $167 per unit. Assume no beginning inventories. Calculate the contribution margin using variable units, 1,000 units, and 1,200 units. ?(Click on the icon to view the data.) costing when Ace: a. Produces and sells 600 units. b. Produces 1,000 units and sells 600 units. c. Produces 1,200 units and sells 600 units. Click on the icon to view the unit product cost data.) Begin by selecting the labels and computing the contribution margin for scenario a. and then compute the contribution margin for scenario b. and c. Variable costing Cost of Goods Sold Data Table Contribution Margin Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead 46 per unit per unit 9 per unit 12,000 per yoar 50 Reference 600 units 1,000 units Print Done 1,200 units 46 50 Direct materials Direct labor Variable manufacturing overhead Total unit product cost 46 $ 46 S 50 50 105 $ 105 S 105 PrintDone Choose from any list or enter any number in the input fields and then click Check Answer.

Explanation / Answer

Calculate contribution margin :

600 units 1000 units 1200 units Sales (167*600) 100200 100200 100200 Variable Cost of goods sold (105*600) (63000) (63000) (63000) Contribution margin 37200 37200 37200

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