If one unit of Product Z2 used $3.00 of direct materials and $3.50 of direct labor,...
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If one unit of Product Z2 used $3.00 of direct materials and $3.50 of direct labor, sold for $9.00, and was assigned overhead at the rate of 35% of direct labor costs, how much gross profit was realized from this sale? (Round your intermediate calculations and final answer to two decimal places.) |
Multiple Choice
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$6.50.
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$1.27.
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$1.23.
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$9.00.
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$2.50
Homework Answers
| Selling price | $9.00 | |
| Direct material | $3.00 | |
| Direct labor | $3.50 | |
| Overhead | $1.23 | (3.5*35%) |
| Gross profit | $1.27 | |
| Correct answer is $ 1.27 | ||
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If one unit of Product
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If one unit of Product Z2 used $300 of direct materials and $250 of direct labor, was assigned overhead at the rate of 30% of direct labor costs, and was sold for $800, how much gross profit was realized from this sale? Select one: O A. $800. O o B. $160. C. $90. D. $175. E. $250.
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Labels for part 1 Customer service costs Direct labor costs Direct labor hours Direct materials Inspection...
Labels for part 1
Customer service costs
Direct labor costs
Direct labor hours
Direct materials
Inspection hours
Number of batches
Number of customers
Number of machine hours
Number of modifications
Number of parts
Number of setups
Overhead costs
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Labels for part 1
Customer service costs
Direct labor costs
Direct labor hours
Direct materials
Inspection hours
Number of batches
Number of customers
Number of machine hours
Number of modifications
Number of parts
Number of setups
Overhead costs
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