ACCOUNTING PRINCIPLES-W/WILEYPLUS
14th Edition
ISBN: 9781119707158
Author: Weygandt
Publisher: WILEY
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Brown Corporation has 850 defective units of a product that cost $4.25 per unit in direct costs and $8.40 per unit in indirect costs when produced last year. The units can be sold as scrap for $5.30 per unit or reworked at an additional cost of $2.75 per unit and sold at the full price of $14.90. The incremental net income (loss) from the choice of reworking the units would be____.
What is the profit margin?
Please provide the accurate answer to this general accounting problem using appropriate methods.
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