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.