Components of Full Costs
Gibson Corporation has compiled the following information from the accounting system for the one product it sells:
|
Sales price |
$300 per unit |
|
Fixed costs (for the month) |
|
|
Marketing and administrative |
$36,000 |
|
Manufacturing overhead |
$54,000 |
|
Variable costs (per unit) |
|
|
Marketing and administrative |
$6 |
|
Direct materials |
$90 |
|
Manufacturing overhead. |
$20 |
|
Direct labor |
$55 |
|
Units produced and sold (for the month) |
1,800 |
Required
Compute:
a. Product costs per unit.
b. Period costs for the period.