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ABC Co would like to know what the gross profit is for one of its products. The product sells for $75 each. The production of
ABC Co would like to know what the gross profit is for one of its products.
The product sells for $75 each. The production of one unit of its product requires $27.00 of direct materials and $20.00 of direct labor. Each unit is assigned overhead at a rate of 25% of labor costs. What is the gross profit per unit for its product?
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