Question
Assume a manufacturing company provides the following information from its master budget for the month of May: Unit sales 6,300 Selling price per unit $
Assume a manufacturing company provides the following information from its master budget for the month of May:
| Unit sales | 6,300 |
|---|---|
| Selling price per unit | $ 50 |
| Direct materials cost per unit | $ 18 |
| Direct labor cost per unit | $ 16 |
| Predetermined overheard rate (based on direct labor dollars) | 75% |
If the company maintains no beginning or ending inventories, what is the budgeted gross margin for May?
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Risk-Based Internal Audit
Authors: Jason Lee Mefford
1st Edition
1631922629, 9781631922626
