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Questions 7 & 8. A company produces a product w/ a per-unit costs: DM $15; DL $6; MOH $19 Last year, they produced & sold 2,000 units @ $75 each. Total SG&A expense was $30,000. Question 7. Conversion cost per unit was: A. $21 B. $25 C. $34 D. $40 Question 8. Total gross margin for last year was: A. $40,000 B. $70,000 C. $80,000 D. $88,000 E. $100,000

Questions 7 & 8. A company produces a product w/ a per-unit costs: DM $15; DL $6; MOH $19 Last year, they produced & sold 2,000 units @ $75 each. Total SG&A expense was $30,000. Question 7. Conversion cost per unit was: A. $21 B. $25 C. $34 D. $40 Question 8. Total gross margin for last year was: A. $40,000 B. $70,000 C. $80,000 D. $88,000 E. $100,000

FINANCIAL ACCOUNTING
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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Questions 7 & 8. A company produces a product w/ a per-unit costs: DM $15; DL $6; MOH $19 Last year, they produced & sold 2,000 units @ $75 each. Total SG&A expense was $30,000. Question 7. Conversion cost per unit was: A. $21 B. $25 C. $34 D. $40 Question 8. Total gross margin for last year was: A. $40,000 B. $70,000 C. $80,000 D. $88,000 E. $100,000
Transcribed Image Text:Questions 7 & 8. A company produces a product w/ a per-unit costs: DM $15; DL $6; MOH $19 Last year, they produced & sold 2,000 units @ $75 each. Total SG&A expense was $30,000. Question 7. Conversion cost per unit was: A. $21 B. $25 C. $34 D. $40 Question 8. Total gross margin for last year was: A. $40,000 B. $70,000 C. $80,000 D. $88,000 E. $100,000
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