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Merry Mitten Maltsters Inc. is in the business of converting Michigan grown wheat and barley and processing it into malt for use in microbreweries across
Merry Mitten Maltsters Inc. is in the business of converting Michigan grown wheat and barley and processing it into malt for use in microbreweries across the Midwest. The following financial, production, and selling information has been provided for 2016. It is assumed that everything Merry Mitten produces is sold. Tons of Production 4,502 tons Direct Materials $236 per ton Direct Labor $47 per ton Variable Manufacturing Overhead $19 per ton Fixed Manufacturing Overhead $2,633,499 per year $9 per ton Variable S & A Costs Fixed S & A Costs Selling Price $618,429 per year $999 per ton What is the Gross Profit of for the Merry Mitten Maltsters for 2016? Your answer should be to the whole dollar
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