Columbia Products produced and sold 1,400 units of the company’s only product in March. You have collected the following information from the accounting records:          Sales price (per unit) $ 138 Manufacturing costs:     Fixed overhead (for the month)   15,400 Direct labor (per unit)   9 Direct materials (per unit)   33 Variable overhead (per unit)   24 Marketing and administrative costs:     Fixed costs (for the month)   21,000 Variable costs (per unit)   4      Required: Compute the following:      4.Full absorption cost per unit. 5.Prime cost per unit. 6.Conversion cost per unit.

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Manufacturing Costs

Manufacturing cost is the total cost of procuring or producing a product. In other words, the manufacturing cost is the cost that an individual or business owner undertakes for the manufacturing of goods.