Netflix Inc. produced and sold streaming devices in July 2026, incurring the following costs: Direct materials: $860,000
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Question:
Netflix Inc. produced and sold streaming devices in July 2026, incurring the following costs:
- Direct materials: $860,000
- Direct labor: $660,000
- Manufacturing overheads: $620,000
- Selling expenses: $360,000
- Administrative expenses: $320,000
- Units produced and sold: 70,000 units
- Sales revenue: $3,500,000
Requirements:
- Calculate the total cost of production.
- Compute the cost per unit.
- Determine the gross profit per unit.
- Calculate the total gross profit and net profit.
Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133866292
5th edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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