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Analyze the cost structure of Tesla Inc. for the fiscal year ending 2023. Provide a detailed breakdown of its manufacturing costs, including direct materials, direct
- Analyze the cost structure of Tesla Inc. for the fiscal year ending 2023. Provide a detailed breakdown of its manufacturing costs, including direct materials, direct labor, and overhead costs. Calculate the total manufacturing cost per unit for Tesla's Model 3 electric car. Additionally, compute the prime cost, factory cost, cost of production, and cost of goods sold. Prepare an income statement for Tesla Inc. for the same period, considering selling and administrative expenses. Finally, calculate the net profit after taxes, assuming a corporate tax rate of 21%.
Values:
oDirect Materials: $500,000
oDirect Labor: $300,000
oManufacturing Overhead: $200,000
oSelling and Administrative Expenses: $150,000
oUnits Produced: 10,000
oSelling Price per Unit: $35,000
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