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Assume a manufacturing company provides the following information from its master budget for the month of May: Unit sales 7,800 Selling price per unit $
Assume a manufacturing company provides the following information from its master budget for the month of May:
Unit sales 7,800
Selling price per unit $ 38
Direct materials cost per unit $ 14
Direct labor cost per unit $ 10
Predetermined overheard rate (based on direct labor dollars) 80%
If the company maintains no beginning or ending inventories, what is the budgeted gross margin for May?
Choices:
$39,000
$46,800
$7,800
$36,800
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