A company manufactures a product that sells for $1,000 per unit. Direct materials cost $191 per...

Transcribed Image Text:

A company manufactures a product that sells for $1,000 per unit. Direct materials cost $191 per unit, and direct labor costs $338 per unit. Manufacturing overhead is applied at a rate of 40% of direct labor cost. Selling costs are $263 per unit, and General and Administrative costs are $47 per unit. What is the gross profit per unit? (Round your answer to the nearest dollar.) A company manufactures a product that sells for $1,000 per unit. Direct materials cost $191 per unit, and direct labor costs $338 per unit. Manufacturing overhead is applied at a rate of 40% of direct labor cost. Selling costs are $263 per unit, and General and Administrative costs are $47 per unit. What is the gross profit per unit? (Round your answer to the nearest dollar.)

Answer rating: 100% (QA)

To calculate the gross profit per unit we need to subtract the total cost of goods sold COGS pe... View the full answer