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George Corporation has an estimated monthly sales of 10,000 units for
$38 per unit. Variable costs include manufacturing costs of $23 and
distribution costs of $7. Fixed costs are $40,000 per month.
Required:
Determine each of the following values.
a. Unit contribution margin
b. Monthly break-even unit sales volume
c. Create a contribution margin-based income statement. (Points : 30)
2. (TCO 7) Darling Manufacturing Inc. manufactures two products, A and
B, from a joint process. A single production costs $10,000 and results
in 200 units of A and 600 units of B. To be ready for sale, both
products must be processed further, incurring seperable costs of $2 per
unit for A and $1 per unit for B. The market price for Product A is $30
and for Product B is $25.
Required: Allocate joint production costs to each product using the
physical units method. (Points : 30)
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