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  3. Study Set
    Fundamental Accounting Principles Study Set 1
  4. Exam
    Exam 19: Job Order Costing
  5. Question
    The Production of One Unit of Product BJM Used $27
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The Production of One Unit of Product BJM Used $27

Question 1

Question 1

Essay

The production of one unit of Product BJM used $27.50 of direct materials and $21.00 of direct labor. The unit sold for $76.00 and was assigned overhead at a rate of 30% of labor costs. What is the gross profit per unit on its sale?

Correct Answer:

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