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The Company incurred the following costs during the current year: Direct Materials $10,000; Direct Labor $20,000; Factory Rent $8,000; Factory Utilities $12,000; Indirect labor $20,000;
The Company incurred the following costs during the current year: Direct Materials $10,000; Direct Labor $20,000; Factory Rent $8,000; Factory Utilities $12,000; Indirect labor $20,000; Selling and Admin $30,000. The company makes 5000 units. During the year 3,000 units are sold at $20 each. What is the net profit (net income) for the company?
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