Question
Netflix Inc. Cost Elements Amount ($) Direct Materials 640,000 Direct Labor 440,000 Factory Overheads 400,000 Selling and Distribution Expenses 250,000 Administrative Expenses 210,000 Units Produced
Netflix Inc.
Cost Elements | Amount ($) |
Direct Materials | 640,000 |
Direct Labor | 440,000 |
Factory Overheads | 400,000 |
Selling and Distribution Expenses | 250,000 |
Administrative Expenses | 210,000 |
Units Produced and Sold | 48,000 units |
Sales Revenue | 2,400,000 |
Requirements:
- Compute the total manufacturing cost.
- Determine the cost per unit.
- Calculate the gross margin per unit.
- Find the total gross profit and net profit.
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Introduction To Financial Accounting
Authors: Anne Marie Ward, Andrew Thomas
9th Edition
1526803003, 978-1526803009
