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Blanchett Company manufactures fishing rods. Last year, direct materials costing $516,000...

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Accounting

Blanchett Company manufactures fishing rods. Last
year, direct materials costing $516,000 were put into
production. Direct labor of $430,000 was incurred, and
manufacturing overhead equaled $645,000. The
company had an operating income for the year of
$58,000, and it manufactured and sold 86,000 fishing
rods at a sales price of $21 per unit. Assume that there
were no beginning or ending inventory balances in the
work-in-process and finished goods inventory accounts .
A.
Compute the per-unit product cost. Round answer to
two decimal places.
D. Compute the gross margin for the year.
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