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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:
- Direct materials: $250,000
- Direct labor: $120,000
- Manufacturing overheads: $90,000
- Selling and distribution expenses: $70,000
- Administrative expenses: $50,000
- Units produced and sold: 15,000 units
- Sales revenue: $750,000
Requirements:
- Calculate the total production cost.
- Compute the cost per unit.
- Determine the gross profit per unit.
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