(Answered) Question - variable costing income statementhigh flight

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Question - Variable costing income statement

High Flight Toys manufactures frisbees. The following information is available for 2010, the company's first year in business when it produced 300,000 units. Revenue of $480,000 was generated by the sale of 180,000 frisbees.

Variable Cost Fixed Cost

Production

Direct material $150,000.00

Direct labor 100000

Overhead 75000 $112,500.00

Selling & administrative 90000 100,000

a. What is the variable production cost per unit?

b. What is the total contribution margin per unit?

c. Prepare a variable costing income statement.

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