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What is the gross profit on one t shirt

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Reference no: EM133118038

Question - Mister Tee's is a T-shirt manufacturing business with the following fact pattern:

T-shirts are processed in batches of 100.

One T-shirt requires one yard of fabric.

One yard of fabric costs $4.

Five direct labor hours are required to produce one batch of T-shirts.

Direct labor costs $20/hour.

Direct labor is applied at the beginning of the process.

Factory overhead is applied at a rate of 130% of Direct Labor Dollars.

Factory overhead is applied at the end of the process.

Required - If Mister Tee sells one T shirt for $8, what is the gross profit on one T Shirt?

Reference no: EM133118038

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