Homework Help: Accounting

Posted by Ray on Tuesday, April 14, 2009 at 2:41pm.

If one unit of Product X used $1.5 of direct materials and $2 of direct labor, sold for $11, and was assigned overhead at the rate of 20% of direct labor costs, how much gross profit was realized from this sale?
a.$11 b.$7.5 c.$4.6 d.$7.10 e.$3.5

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