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What is the cost of making a unit

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Reference no: EM131561518

A company makes widgets. The costs incurred for a particular period are as follows

Direct material $40,000

Direct labor $60,000

Overhead $ 50,000

The company makes 5,000 widgets and sells 2,000 units for $60 each

1. What is the cost of making a unit?

2. What is the cost of goods sold?

3. What is the gross profit?

4. If selling and administrative costs are $30,000 what is the net profit?

Reference no: EM131561518

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