Question
Vegas Company has the following unit costs: Variable manufacturing overhead $ 30 Direct materials 25 Direct labor 24 Fixed manufacturing overhead 17 Variable marketing and
Vegas Company has the following unit costs:
|
|
|
|
|
| Variable manufacturing overhead | $ | 30 |
|
| Direct materials |
| 25 |
|
| Direct labor |
| 24 |
|
| Fixed manufacturing overhead |
| 17 |
|
| Variable marketing and administrative |
| 7 |
|
Vegas produced and sold 14,000 units. If the product sells for $110, what is the gross margin?
A. $434000
B $98000
C 196000
D 336000
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Principles Of Financial Accounting (Chapters 1-17)
Authors: John Wild
24th Edition
1260158608, 9781260158601
