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Question - Acme Inc. is a merchandise reseller that provided the following information:
Amount Number of units sold 14,000 Selling price per unit$15 Variable selling expense per unit $1 Variable administrative expense per unit $1 Total fixed selling expense $21,000 Total fixed administrative expense $15,000 Beginning merchandise inventory $11,000 Ending merchandise inventory $24,000 Merchandise purchases $89,000
What is the company's gross margin for the period?
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Kansas Company uses a standard cost accounting system. In 2017, the company produced 28,400 units. What were the standard hours allowed for the units produced
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