Refer to the information for Barnard Company above. The gross margin per unit is Last year, Barnard Company incurred the following costs:
Direct materials ............. $ 50,000
Direct labor ................ 20,000
Manufacturing overhead .......... 130,000
Selling expense ............. 40,000
Administrative expense ......... 36,000
Barnard produced and sold 10,000 units at a price of $31 each.
a. $24.00.
b. $11.00.
c. $16.00.
d. $26.00.
e. $3.40.