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Last year, Bonamassa Company incurred the following costs: Direct materials Direct labor $44,721 61,885 Manufacturing overhead 94,643 Selling expenses 22,713 Administrative expenses 21,529 Bonamassa
Last year, Bonamassa Company incurred the following costs: Direct materials Direct labor $44,721 61,885 Manufacturing overhead 94,643 Selling expenses 22,713 Administrative expenses 21,529 Bonamassa produced and sold 2,252 units at a sales price of $125.41 each. Assume that beginning and ending inventories of materials, work in process, and finished goods were zero. What was the gross margin?
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