2-36. Components of Full Costs Gibson Corporation has compiled the following information from the accounting system for

one product it sells:

Sales price.

Fixed costs (for the month)

Marketing and administrative .

Manufacturing overhead.

Variable costs (per unit)

Marketing and administrative

Direct materials... Manufacturing overhead.

Direct labor..

Units produced and sold (for the month)

$300 per unit

$36,000

$54,000

$6

$90

$20 $55

1,800

Part! Introduction and Overview

Required

Determine each of the following unit costs:

a. Variable manufacturing cost.

b. Variable cost.

с. Full absorption cost.

d.

Full cost.

2-37. Components of Full Costs Refer to Exercise 2-36.

Required

Compute:

a. Product costs per unit.

b. Period costs for the period.