Reference no: EM132112956
Question - ABC Company has the following data about its only product:
Direct materials used $270,000
Direct labor $180,000
Indirect manufacturing fixed $130,000
Selling and administrative fixed $150,000
Indirect manufacturing variable $120,000
Selling and administrative variable $60,000
Selling price (per unit) $99
Units produced and sold 30,000
ABC Company uses the absorption approach. Determine:
a) Per unit Cost of Goods Sold
b) Gross margin (total $).
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