Planet Corporation Sold 21,000 Units of Its Product at a Price

question 64

Short Answer

Planet Corporation sold 21,000 units of its product at a price of $250 per unit.Total variable cost per unit is $187,consisting of $104 in variable production cost and $83 in variable selling and administrative cost.Compute the manufacturing margin for the company under variable costing.

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Definitions:

Cash Balance

The amount of cash a company holds in its accounts at a given time.

Safe Distribution

The allocation of resources or assets in a manner that minimizes risk and ensures the security of such distribution.

Account Balances

The amounts in financial accounts at a specific point in time, representing resources, obligations, or ownership equity.

Liquidation

The process of bringing a business to an end and distributing its assets to claimants.