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If one unit of Product X used $3.20 of direct materials and $3.70 of direct labor, sold for $10.00, and was assigned overhead at the
If one unit of Product X used $3.20 of direct materials and $3.70 of direct labor, sold for $10.00, and was assigned overhead at the rate of 37% of direct labor costs, how much gross profit was realized from this sale? (Round your intermediate calculations and final answer to two decimal places.) A.$1.37 B. $1.73 C. $10 D. $6.90 E.$3.10
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