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nnical difficulties must be communicated and sent immediately via email ntroaccounting@utk.edu. Technical issues must also be communicated to OIT. NO ACCESS CODE is necessary to complete this exam. ademic dishonesty is evidenced by having electronic devices of any kind (cellphone, headphones, ctronic language translators, Apple watches, etc.), a programmable calculator, writing down exam estions or content, unapproved notes, sharing exam questions or content via any medium (social m nail or written) either during or after the exam period. D Question 18 3.33 pts During its first year of operations, Ruby Company paid $14,000 for direct materials and $19,000 for production workers' wages. Lease payments and utilities on the production facilities amounted to $17,000 while general, selling, and administrative expenses totaled $8,000. Ruby Company produced 5,000 units and sold 3,000 units at a price of $15.00 a unit. What is the amount of gross margin for the first year? O $15,000 $45,000 O $24,000 O $20,000 Previous Next Not saved Submit Quiz 920%