Vegas Company has the following unit costs: Variable manufacturing overhead $ 25 Direct materials 20...
Vegas Company has the following unit costs:
| Variable manufacturing overhead | $ | 25 | |
| Direct materials | 20 | ||
| Direct labor | 19 | ||
| Fixed manufacturing overhead | 12 | ||
| Variable marketing and administrative | 7 | ||
Vegas produced and sold 13,000 units. If the product sells for
$100, what is the gross margin?
Homework Answers
Answer:
| Selling price | $100 | |
| Variable manufacturing overhead | 25 | |
| Direct materials | 20 | |
| Direct labor | 19 | |
| Fixed manufacturing overhead | 12 | |
| Total manufacturing costs per unit | 76 | |
| Gross margin per unit | $24 |
Gross margin = 13,000 units x $24 =$312,000
Add Answer to:
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