In July, Econo Company Purchased Materials Costing $21,000 and Incurred

question 133

Multiple Choice

In July, Econo Company purchased materials costing $21,000 and incurred direct labour cost of $18,000. Overhead totalled $32,000 for the month. Information on inventories was as follows:
$\begin{array}{lrr} & \text { July 1 } & \text { July 31 } \\\text { Materials } & \$ 6,200 & \$ 7,100 \\\text { Work in process } & \$ 700 & \$ 1,200 \\\text { Finished goods } & \$ 3,300 & \$ 2,700\end{array}$
-Refer to the Figure.Suppose Econo Company sold 10,000 units during July and gross margin totalled $29,800.What would be the sales price per unit?

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

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Definitions:

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Different lenses through which one can view and analyze an issue or concept in social science, each with its own set of assumptions and focal points.

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