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Stanley Printing Company began operation in March with three custom orders. The following costs were incurred during the month. Job A3 was incomplete at the end of the month. Record the entries for all costs and revenues in T accounts. Verify the ending balance in the Work in Process Inventory account.
Total operating expenses for July were as follows: Required a. Use account analysis to determine fixed cost per month and variable cost per DVD player. Assume assembly labor in a variable cost. Project total cost for August, assuming production and sales of units. What is the contribution margin per DVD player?