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If one unit of Product Z2 used $3.50 of direct materials and $4.00 of direct labor, sold for $12.00, and was assigned overhead at the
If one unit of Product Z2 used $3.50 of direct materials and $4.00 of direct labor, sold for $12.00, and was assigned overhead at the rate of 40% of direct labor costs, how much gross profit was realized from this sale? (Round your intermediate calculations and final answer to two decimal places.) Multiple Choice $12.00. $1.60. $450. $2.90. $7.50
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