Last Year Quest Company Incurred the Following Costs:
Quest Produced

question 139

Multiple Choice

Last year Quest Company incurred the following costs:
Quest produced and sold 2,000 units at a sales price of $125 each. Assume that beginning and ending inventories of materials, work in process, and finished goods were 0.
$$\begin{array} { l r } \text { Direct materials } & \$ 40,000 \\\text { Direct labour } & 60,000 \\\text { Overhead } & 90,000 \\\text { Selling expenses } & 24,000 \\\text { Administrative expenses } & 22,000\end{array}$$
-Refer to the Figure.What was the gross margin per unit?

• A)$7
• B)$30
• C)$95
• D)$125

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Definitions:

Pretest Score

An initial score or measurement taken before an intervention or treatment in research studies.

T Value

A t value, in statistics, is a calculated value used in t-testing to determine whether to reject the null hypothesis, comparing the observed sample mean to a specific population mean.

Posttest Score

The score or evaluation obtained after an intervention or instruction, used to assess outcomes or improvements.

Group Size

The total number of members or observations contained within a defined group or sample.