1.
Millat Corporation produces a single product. The company's absorption costing income
statement for September follows:
The company's variable production costs are $23.50 per unit and its fixed manufacturing
overhead totals $73,400 per month.
The contribution margin per unit during September was (Round your intermediate
calculations and final answer to 2 decimal places) :
Millat Corporation produces a single product. The company's absorption costing income
statement for September follows:
Solution
The contribution margin per unit during September was = Sellin Price per unit -Â Â variable
production costs per unit - Variable Selling and administrative expenses per unit
The contribution margin per unit during September was = 523800/9700 - 23.50 - 58200/9700
The contribution margin per unit during September was = $ 24.50