MC Qu. 122 If one unit of Product Z2 used...

If one unit of Product Z2 used $1.90 of direct materials and $3.50 of direct labor, sold for $8.00, and was assigned overhead at the rate of 24% 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

• $8.00.

• $5.40.

• $1.76.

• $2.60.

• $.84.