Question: Gregson Enterprises, in its first year of operations, reported the following information: Selling price per unit $ 100 Direct materials per unit 5 Direct labor

Gregson Enterprises, in its first year of operations, reported the following information: Selling price per unit $ 100 Direct materials per unit 5 Direct labor per unit 1 Unit- related overhead per unit 6 Selling cost per unit 2 Batch- related overhead for the year 500,000 Facility- sustaining overhead for the year 800,000 Fixed administrative cost for the year 650,000 Units produced 20,000 Units sold 15,000 What is Gregson’s absorption costing gross margin and profit?

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