New Wings is a furniture manufacturer. In March, the company produced and sold 1,400 dining chairs (the company’s only p

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New Wings is a furniture manufacturer. In March, the company
produced and sold 1,400 dining chairs (the company’s only product).
The accountant has collected the following information from the
accounting records:
Sales price (per unit)
$136
Manufacturing costs:
Fixed overhead (for the month)
$15,400
Direct labor (per unit)
$7
Direct materials (per unit)
$31
Variable overhead (per unit)
$26
Marketing and administrative costs:
Fixed costs (for the month)
$22,400
Variable costs (per unit)
$4
Conversion cost per unit
Profit margin per unit
Contribution margin per unit
Gross margin per unit