During its first year of operations, Silver Company paid $17, 665 for direct materials and $10, 400 for production workers' wages. Lease payments and utilities on the production facilities amounted to $9, 400 while general, selling, and administrative expenses totaled $4, 900. The company produced 6, 350 units and sold 3, 900 units at a price of $8.40 a unit. What is the amount of gross margin for the first year? $14, 455 $32, 760 $4, 695 $9, 750 For the last two years BRC Company had net income as follows: What was the percentage change in income from 2011 to 2012? (round your answer to 2 decimal places) 7.86% increase 17.86% decrease 21.74% decrease 21.74% increase Which of the following costs would be classified as a direct cost for a company that produces motorcycles? Rent of manufacturing facility that produces motorcycles Seats used in the motorcycles Wages of motorcycle assembly workers Both seats used in the motorcycles and wages of motorcycle assembly workers are correct. Morton Company has total current assets of $61,000, including inventory of $18,000, and current liabilities of $37,000. The company's current ratio is: 0.61 2.14 1.16 1.65