Chapter 1, Problem 1.3AP

Shoreham Industries sells its product for $98 per unit. During 2023, it produced 85,000 units and sold 74,000 units (there was no beginning inventory). Costs per unit are: direct materials $24, direct labor $18, and variable overhead $7. Fixed costs are: $1,275,000 manufacturing overhead, and $142,000 selling and administrative expenses. The per-unit manufacturing cost under absorption costing is__.

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Roberts Manufacturing issued stock to Thomas Roberts in exchange for his investment of $82,000 cash in the business. The company recorded revenues of $750,000 and expenses of $595,000, and the company paid dividends of $42,000. What was Roberts's net income for the year? Right answer

What is the gross profit?

Financial Accounting Question please answer

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Stewart Industries has provided the following data for the most recent year: net operating income, $63,200; fixed expense, $104,500; sales, $239,000; and CM ratio, 70%. What is the company's total contribution margin? (a) $159,300 (b ) $167,300 (c) $143,400 (d) $204,000