A manufacturer reports direct materials of $10 per unit, direct labor of $4 per unit,...
50.1K
Verified Solution
Link Copied!
Question
Accounting
A manufacturer reports direct materials of $10 per unit, direct labor of $4 per unit, and variable overhead of $6 per unit. Fixed overhead is $240,000 per year, and the company estimates sales of 24,000 units at a sales price of $50 per unit for the year. The company has no beginning finished goods inventory. If the company uses absorption costing, compute gross profit assuming 30,000 units are produced and 24,000 units are sold.
Multiple Choice
-
$1,200,000.
-
$672,000.
-
$720,000.
-
$528,000.
-
$480,000.
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.