Scrambling, Debra has gone back to her original supplier of collars, which thankfully now has a large quantity it can ship to her.These collars cost $0.60 each, and the company can get enough of them to go back and fix the collars on the recently ruined batch,plus put some into the warehouse for a future batch. In order to fix the botched T-shirts, though, Pharoah-T will need to incur anextra $2 per shirt in labor costs to carefully remove the bad collars and re-attach the new ones. These reworked shirts should stillbe salable to retailers at the regular selling price.How much gross margin per unit will Pharoah-T generate if it fixes and sells these reworked shirts? (Round answer to 2 decimalplaces, e.g. 15.25.)Gross margin$GA/unit

· Ratio analysis used to identify the business performance of the company.· It is used to measure…

Answered: How much gross margin per unit will…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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How much gross margin per unit will Pharoah-T generate if it fixes and sells these reworked shirts? (Round answer places, e.g. 15.25.) Gross margin $ /unit