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Figure 2-5

Question 112

Multiple Choice

Figure 2-5. In July,Econo Company purchased materials costing $21,000 and incurred direct labor cost of $18,000.Overhead totaled $32,000 for the month.Information on inventories was as follows:
Figure 2-5. In July,Econo Company purchased materials costing $21,000 and incurred direct labor cost of $18,000.Overhead totaled $32,000 for the month.Information on inventories was as follows: Refer to Figure 2-5.If Econo Company sold 10,000 units during July and gross margin totaled $29,800,what was the sales price per unit? A) $9.94 B) $10.00 C) $10.09 D) $10.11 Refer to Figure 2-5.If Econo Company sold 10,000 units during July and gross margin totaled $29,800,what was the sales price per unit?


A) $9.94
B) $10.00
C) $10.09
D) $10.11

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