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. A products unit cost is $18 for direct materials used, $17 for labor incurred, and $15 for variable manufacturing overhead; its unit selling price
. A products unit cost is $18 for direct materials used, $17 for labor incurred, and $15 for variable manufacturing overhead; its unit selling price is $150. Selling, general, and administrative expenses for the month were $200,000.
A.) Calculate the total product cost (COGM).
B.) Assuming 10,000 products were produced and sold, calculate the gross margin, gross margin ratio, and net income for the month.
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