Allied Company Showed the Following Costs for Last Month A Total Product Cost for Last Month
B

question 7

Essay

Allied Company showed the following costs for last month.
Last month,Allied produced and sold 20,000 units at a sales price per unit of $18.Assume no beginning or ending inventory balances for work in process and finished goods inventory.
Required: Solve for the following amounts.
$$\begin{array} { l r } \text { Direct materials } & \$ 40,000 \\\text { Direct labour } & 35,000 \\\text { Overhead } & 52,000 \\\text { Selling expense } & 17,000 \\\text { Administrative expense } & 12,000\end{array}$$ A. total product cost for last month
B. unit product cost for last month
C. total period costs
D. gross margin for last month
E. operating income for last month

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Definitions:

Crossing Over

The process during meiosis in which homologous chromosomes exchange portions of their DNA, leading to genetic recombination.

Heritability

The statistic that indicates the extent to which variation of a certain trait can be traced to genes.

Mutation

A change in the DNA sequence of an organism's genome, which can lead to genetic variation and sometimes result in observable changes in the organism.

Zygote

The initial cell formed when a sperm cell fertilizes an egg cell, marking the beginning of pregnancy.