Intel Corporation:

• February 2027 Costs:
  • Direct materials: $1,080,000
  • Direct labor: $880,000
  • Factory overheads: $840,000
  • Selling expenses: $470,000
  • Administrative expenses: $430,000
  • Units produced and sold: 92,000 units
  • Sales revenue: $4,600,000

Requirements:

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