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Company: Tesla, Inc. Tesla, Inc. manufactures electric vehicles. For the year ended December 31, 20X2, the company incurred the following costs: Direct materials cost: $1,500,000
Company: Tesla, Inc. Tesla, Inc. manufactures electric vehicles. For the year ended December 31, 20X2, the company incurred the following costs:
- Direct materials cost: $1,500,000
- Direct labor cost: $1,000,000
- Manufacturing overhead: $800,000
- Selling and administrative expenses: $600,000
- Other operating expenses: $300,000 If the company sold 10,000 vehicles during the year at an average selling price of $100,000 each, calculate the gross profit, operating income, and net income.
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