Refer to the information for Wachman Company above. Total gross margin for last year was Wachman Company produces a product with the following per-unit costs:
Direct materials .......... $15
Direct labor ............. 6
Manufacturing overhead ........ 10
Last year, Wachman produced and sold 1,000 units at a price of $75 each. Total selling and administrative expense was $30,000.
a. $75,000.
b. $44,000.
c. $61,000.
d. $9,000.
e. $31,000.