Use the information below to answer the following question(s). Macadamia Co. produced and sold 40,000...
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Accounting
Use the information below to answer the following question(s). Macadamia Co. produced and sold 40,000 units last year Per unit revenue and costs were as follows: Revenue $10000 Cost of Goods Sold Direct Materials $15.00 Direct Labour 30.00 Variable Manulacturing Overhead 20.00 Fixed Manufacturing Overhead 10.00 Total Cost of Goods Sold 75 00 Gross Margin $25,00 Selling and Administrative Costs Sales Commissions (10% of Sales) $10.00 Administrative Salaries 20 00 Total Selling and Administrative 30.00 Operating Income
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