During its first year, Walnut, Inc., showed an $14 per-unit profit under absorption costing but would have reported a total profit $16,000 less under variable costing. If production exceeded sales by 1,000 units and an average contribution margin of 62.5% was maintained, what is the apparent:
a. Fixed cost per unit?
$Answer per unit
b. Sales price per unit?
$Answer per unit
c. Variable cost per unit?
$Answer per unit
d. Unit sales volume if total profit under absorption costing was $168,000?
Answer units
