Chapter 1, Problem 15P

Bayshore Equipment Co. reports that its manufacturing overhead is 60% of its total conversion costs. If direct labor is $52,000 and direct materials are $34,000, what is the manufacturing overhead?

Sameer sells a product for $75 per unit and has a contribution margin ratio of 40%. Fixed expenses total $180,000 annually. How many units must be sold to yield a profit of $60,000?

Please provide the correct answer to this general accounting problem using accurate calculations.