Arca Company reports the following for its product for its first year of operations. Direct materials...
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Arca Company reports the following for its product for its first year of operations. Direct materials Direct labor Variable overhead Fixed overhead Variable selling and administrative expenses Fixed selling and administrative expenses $75 per unit $ 55 per unit $ 25 per unit $ 98,400 per year $ 6 per unit $ 45,000 per year The company sells its product for $325 per unit. Compute gross profit using absorption costing assuming the company produces and sells 2,050 units. Multiple Choice $250,100 $666,250 $369,000 $266,500 Arca Company reports the following for its product for its first year of operations. Direct materials Direct labor Variable overhead Fixed overhead Variable selling and administrative expenses Fixed selling and administrative expenses $75 per unit $ 55 per unit $ 25 per unit $ 98,400 per year $ 6 per unit $ 45,000 per year The company sells its product for $325 per unit. Compute gross profit using absorption costing assuming the company produces and sells 2,050 units. Multiple Choice $250,100 $666,250 $369,000 $266,500
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