Question
Gateway Company produces a product with the following per-unit costs: Direct materials $11, Direct labor 8, Over head 15. Last year, Gateway produced and sold
Gateway Company produces a product with the following per-unit costs: Direct materials $11, Direct labor 8, Over head 15. Last year, Gateway produced and sold 750 units at a sales price of $68 each. Total selling and administrative expense was $22,000. Total operating income last year was?
(Answer is $25,500 I just don't know how to get it)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Advanced Quality Auditing An Auditors Review Of Risk Management Lean Improvement And Data Analysis
Authors: Lance B Coleman
1st Edition
163694082X, 978-1636940823
