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FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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
Transcribed Image Text:The following information pertains to Alleigh's Mannequins:
Manufacturing costs
$1,500,000
Units manufactured
30,000
Units sold
29,500 units sold for $85 per unit
Beginning inventory
0 units
What is the amount of gross margin?
Select one:
a. $1,032,500
b. $2,507,500
c. $1,475,000
d. $1,500,000
Expert Solution
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- Please do not give solution in image format thankuarrow_forwardPlease do not give solution in image format thankuarrow_forwardSimple Accounting - CPV. The unit price for towel is $18.59 and the variable cost is $7.11. If the fixed cost for the retailer is $22,853.71 and the targeted operating income is $40,500.00, how many units should be sold (round to the nearest unit)? O a. 5,519 O b. 8,911 O c. 3,408 O d. 2,465arrow_forward
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