Five Card Draw manufactures and sells 10,000 units of Aces, which retails for $200, and 8,000 units
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Five Card Draw manufactures and sells 10,000 units of Aces, which retails for $200, and 8,000 units of Kings, which retails for $170. The direct materials cost is $20 per unit of Aces and $15 per unit of Kings. The labor rate is $30 per hour, and Five Card Draw estimated 64,000 direct labor hours. It takes 4 direct labor hours to manufacture Aces and 3 hours for Kings. The total estimated overhead is $128,000. Five Card Draw uses the traditional allocation method based on direct labor hours.
A. How much is the gross profit per unit for Aces and Kings?
B. What is the total gross profit for the year?
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A To calculate the gross profit per unit for Aces and Kings we need to consider the total revenue an...View the full answer
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Related Book For 
Principles Of Accounting Volume 2 Managerial Accounting
ISBN: 9780357364802
1st Edition
Authors: OpenStax
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