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Last year Quest Company incurred the following costs: Direct materials $40,000 Direct labor 60,000 Manufacturing overhead 90,000 Selling expenses 24,000 Administrative expenses 22,000 Quest produced
Last year Quest Company incurred the following costs: Direct materials $40,000 Direct labor 60,000 Manufacturing overhead 90,000 Selling expenses 24,000 Administrative expenses 22,000 Quest produced and sold 2,000 units at a sales price of $125 each. Assume that beginning and ending inventories of materials, work in process, and finished goods were zero. Gross margin per-unit was?
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