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user100 [1]
3 years ago
5

If one unit of Product Z2 used $2.50 of direct materials and $3.00 of direct labor, sold for $8.00, and was assigned overhead at

the rate of 30% of direct labor costs, how much gross profit was realized from this sale?
Business
1 answer:
Feliz [49]3 years ago
8 0
<span>Since the amount of money given for materials is 2.50 $, and labor cost is 3.00 $ so it’s overall 5.50 $. It will be sold for 8.00 $ and %30 of this amount will be reducted as direct labor costs, so only %70 of the price can be accessed. So %70 of the amount corresponds to 5.60 $. Since the overall cost was 5.50 $ and the net amount of sales is 5.60, 0.10 $ will be realized from this sale.</span>
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