Facebook Inc. 

• October 2024 Costs:
  • Direct materials: $220,000
  • Direct labor: $130,000
  • Factory overheads: $100,000
  • Selling expenses: $60,000
  • Administrative expenses: $45,000
  • Units produced and sold: 11,000 units
  • Sales revenue: $550,000

Requirements:

1. Calculate the total manufacturing cost.
2. Compute the cost per unit.
3. Prepare an income statement.
4. Determine the net profit.