Solved: Determine the variable and fixed cost per unit of product, Accounting Basics

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Determine the variable and fixed cost per unit of product

Question:

Landry Corporation produced and sold 12,000 units of product during October. It earned a contribution margin of $96,000 on sales of $336,000 and determined that cost per unit of product was $25.

Required

Based on this information, determine the variable and fixed cost per unit of product.

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Accounting Basics: Determine the variable and fixed cost per unit of product

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Accounting Basics: Determine the variable and fixed cost per unit of product

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