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  • Suppose That Larimer Company Sells A Product For 24 Unit

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    Doreen
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    Larimer Company sells a product for $24 per unit. The document provides the unit costs for direct materials ($4.98), direct labor ($2.10), and variable factory and selling overhead ($1.00 and $2.00). It also provides the total fixed factory overhead of $26,500 per year and total fixed selling and administrative expense of $15,260. It asks to calculate the variable cost per unit, contribution margin per unit, contribution margin and variable cost ratios, break-even units, and a contribution margin income statement at the break-even level.

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    Suppose That Larimer Company Sells a Product for 24 Unit

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    Larimer Company sells a product for $24 per unit. The document provides the unit costs for direct materials ($4.98), direct labor ($2.10), and variable factory and selling overhead ($1.00 and $2.00). It also provides the total fixed factory overhead of $26,500 per year and total fixed selling and administrative expense of $15,260. It asks to calculate the variable cost per unit, contribution margin per unit, contribution margin and variable cost ratios, break-even units, and a contribution margin income statement at the break-even level.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    132 views1 page

    Suppose That Larimer Company Sells A Product For 24 Unit

    Uploaded by

    Doreen
    Larimer Company sells a product for $24 per unit. The document provides the unit costs for direct materials ($4.98), direct labor ($2.10), and variable factory and selling overhead ($1.00 and $2.00). It also provides the total fixed factory overhead of $26,500 per year and total fixed selling and administrative expense of $15,260. It asks to calculate the variable cost per unit, contribution margin per unit, contribution margin and variable cost ratios, break-even units, and a contribution margin income statement at the break-even level.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    (SOLVED) Suppose that Larimer Company sells a product

    for 24 Unit

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

    Direct materials.............................................$4.98

    Direct labor
    GET THE ANSWER>> https://solutionlly.com/downloads/suppose-that-larimer-company-sells-a-
    product-for-24-unit

    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.

    Required:

    1. Calculate the variable cost per unit and the contribution margin per unit.

    2. Calculate the contribution margin ratio and the variable cost ratio.

    3. Calculate the break-even units.

    4. Prepare a contribution margin income statement at the break-even number of units.

    Suppose that Larimer Company sells a product for 24 Unit


    GET THE ANSWER>> https://solutionlly.com/downloads/suppose-that-larimer-company-sells-a-
    product-for-24-unit

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