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Last year, Buckner & Jones Company incurred the following costs: Direct Materials Used $42,000 Direct Labor 63,000 Manufacturing 94,500 Overhead Selling Expenses 25,200 Administrative
Last year, Buckner & Jones Company incurred the following costs: Direct Materials Used $42,000 Direct Labor 63,000 Manufacturing 94,500 Overhead Selling Expenses 25,200 Administrative Expenses 23,100 Buckner & Jones produced and sold 2,060 units at a sales price of $131.25 each. Assume that beginning and ending inventories of materials, work in process, and finished goods were zero. What was the gross margin per unit? (Note: Round your answer to two decimal places.) c) $95.50 b) $7.56 d) $34.41 a) $125.25
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