Daysis Specialty Food Company makes canned chili. The following cost information is available for March 2004: Required:

Question:

Daysi’s Specialty Food Company makes canned chili. The following cost information is available for March 2004:

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Required:

a. What is the total production cost for Daysi’s Specialty Food Company?

b. What is the cost per unit?

c. If the chili sold for $0.82 per can, what is the gross profit for the company?

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