AMC Inc. produces a single product, the HODL, which is a cubic zirconia encrusted glove. The following unit cost data for the most recently completed period is as follows: Direct materials $15 per unit Direct labor $6 per unit Manufacturing $14 per unit overhead In this period, AMC produced 2,500 units and sold 2,000 units of its product at a selling price of $60 per unit. Assume there was no beginning inventory. Total selling and administrative costs were $30,000. What was AMC's gross margin for the period? Which of the following is an example of a product cost at a factory that manufactures paper for commercial and retail customers? Research and development costs related to new paper products O Legal costs (e.g., environmental regulation litigation) Sales commissions expense O Depreciation on paper machines O None of the above are examples of product costs Which of the following costs would not be considered a period cost? O Salary of Vice President of Technology at an automobile manufacturing company O Salary of Vice President of Marketing at a consumer electronics retailer Salary of Plant Maintenance Supervisor at a textile manufacturer O Salary of the Chief Operating Officer at a textile manufacturer Last year, Red Hawk Co. incurred the following costs: Direct materials $50,000 Direct labor $105,000 Manufacturing overhead $130,000 Sales commisions $3.50 per unit Fixed selling $75,000 expense Fixed administative $136,000 expense RedHawk produced 20,000 units and sold 10,000 units at a selling price of $45 per unit. Cost of goods sold last year for RedHawk Co. was