Arche produces a product with the following per unit costs.
Last year,Arche produced and sold 3,000 units at a sales price of $80 each.Total selling and administrative expenses were $25,000.
Required: Solve for the following:
$\begin{array}{lr}
\text { Direct materials } & \$ 17 \
\text { Direct labour } & 11 \
\text { Overhead } & 12
\end{array}$ A. total cost of goods sold for last year
B. operating income for last year
C. total gross margin for last year
D. prime cost per unit

Question

Arche produces a product with the following per unit costs.
Last year,Arche produced and sold 3,000 units at a sales price of $80 each.Total selling and administrative expenses were $25,000.
Required: Solve for the following:
 $\begin{array}{lr}
\text { Direct materials } & \$ 17 \
\text { Direct labour } & 11 \
\text { Overhead } & 12
\end{array}$ A. total cost of goods sold for last year
B. operating income for last year
C. total gross margin for last year
D. prime cost per unit

Quizplus · Accepted Answer

The Answer of Arche produces a product with the following per unit costs.
Last year,Arche produced and sold 3,000 units at a sales price of $80 each.Total selling and administrative expenses were $25,000.
Required: Solve for the following:
 $\begin{array}{lr}
\text { Direct materials } & \$ 17 \
\text { Direct labour } & 11 \
\text { Overhead } & 12
\end{array}$ A. total cost of goods sold for last year
B. operating income for last year
C. total gross margin for last year
D. prime cost per unit

Arche Produces a Product with the Following Per Unit Costs Direct materials $17 Direct labour 11 Overhead 12\begin{array}{lr}\text { Direct materials } & \$ 17 \\\text { Direct labour } & 11 \\\text { Overhead } & 12\end{array} Direct materials Direct labour Overhead ​$171112​

Arche Produces a Product with the Following Per Unit Costs $\begin{array}{lr}\text { Direct materials } & \$ 17 \\\text { Direct labour } & 11 \\\text { Overhead } & 12\end{array}$