If One Unit of Product X Used $2

question 114

Multiple Choice

If one unit of Product X 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?

• A) $8.00.
• B) $5.50.
• C) $2.50.
• D) $1.60.
• E) $0.90.

---

Definitions:

Ethical

Pertaining to or dealing with morals, principles of morality and right conduct.

Legal Issues

Matters that are subject to laws and regulations, potentially requiring legal advice or intervention.

Nutrition Education

A structured program designed to impart knowledge and skills about healthy eating habits and the importance of nutritional balance in the diet.

Psychotherapist

A professional trained to diagnose and treat mental health issues through various forms of therapy.