10. If one unit of Product X used S.75 of direct materials and $6.00 of direct labor, sold for S 12.00, and was assigned overhead at the rate of20% of direct labor costs, how much gross profit was realized from this sale? A. $12.00 B. S6.75 C. S.75 D. $1.20. E. $4.05 11. A firm had: Beginning finished goods inventory of S50,000 Cost of Goods manufactured of $187,500 Gross Margin (profit) $200,000 Sales $350,000 Whai value was asigned scads int A. $150,000 B. 100,000 C. 237,500 D. 87,500 E. None of the above 12. The ending inventory of finished goods has a total cost of $10,000 and consists of 500 units. If the overhead applied to these goods is $2.000, and the overhead rate is 50% of direct labor, how much direct materials cost was incurred in producing these units? A. $4,000. B. S6,000. C. $3,000. D. $7,000. E. $10,000. 13. A direct cost is one that is A. Variable with respect to the cost object. B. Traceable to the cost object. C. Fixed with respect to the cost object. D. Allocated to the cost object E. A period cost. 14. Which of the following manufacturers is most likely to use a job order cost accounting system? A. A soft drink producer B. Flour mill C. Gold mining operation D. Builder of offshore oil rigs E. All of these