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

Step 1: Introduction to cost accountingThe field of accounting known as cost accounting is utilized…

Answered: Questions 7 & 8. A company produces a…

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter3: Cost Behavior

Section: Chapter Questions

Problem 26E: Starling Co. manufactures one product with a selling price of 18 and variable cost of 12. Starlings...

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