Posted: May 17th, 2017
Refer to the information above. The unit cost per gallon of soup transferred to the Canning Department during March was:
A. $1.50.
B. $1.62.
C. $1.71.
D. $1.83.
$63,000/42,000 = $1.50
Summit Products, Inc. is interested in producing and selling an improved widget. Market research indicates that customers would be willing to pay $90 for such a widget and that 50,000 units could be sold each year at this price. The current cost to produce the widget is estimated to be $65.
40.
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