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What is the forecasted gross margin for August

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Reference no: EM132968776

Question - A company forecasted sales of 20,000 units for the month of August. The following information was available from other budgets:

Sales budget: Average selling price of $20 per unit

Direct materials budget: 2 pounds per unit at a price of $3 per pound

Direct labor budget: 1/2 hours per unit at a price of $12 per hour

Overhead budget: $4 per direct labor hour ($3 of variable and $1 of fixed)

SG&A budget: $2 per unit plus $10,000

Required - What is the forecasted gross margin for August?

Reference no: EM132968776

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