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During September 2024, Tesla Inc. incurred the following costs in producing electric cars: Direct materials: $250,000 Direct labor: $120,000 Manufacturing overheads: $90,000 Selling and distribution

During September 2024, Tesla Inc. incurred the following costs in producing electric cars:

  1. Direct materials: $250,000
  2. Direct labor: $120,000
  3. Manufacturing overheads: $90,000
  4. Selling and distribution expenses: $70,000
  5. Administrative expenses: $50,000
  6. Units produced and sold: 15,000 units
  7. Sales revenue: $750,000

Requirements:

  1. Calculate the total production cost.
  2. Compute the cost per unit.
  3. Determine the gross profit per unit.
Calculate the total gross profit and net profit.

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