Michael's Machine Shop reports the following information for the quarter. Sales price $ 110 Fixed costs (for the quarter) Selling and administrative 47,780 Production 143,340 Variable cost (per unit) Materials 26 Labor 23 Plant supervision 16 Selling and administrative 17 Number of units (for the quarter) 23,890 units Required: Select the answer for each of the following costs. a. Variable cost per unit. b. Variable production cost per unit. c. Full cost per unit. d. Full absorption cost per unit. e. Prime cost per unit. f. Conversion cost per unit. g. Contribution margin per unit. h. Gross margin per unit.
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