a.
Concept Introduction:
Cost per unit: Cost per unit refers to the cost incurred by the company for producing one unit which can be determined by dividing the total production cost by the total number of units produced or transferred by the manufacturing department to the sales department.
Gross profit: Gross profit refers to the total profit that is earned by the company without considering other expenses such as taxes and interest. It can be determined by subtracting total sales and total cost of goods sold.
The cost per unit produced.
b.
Concept Introduction:
Cost per unit: Cost per unit refers to the cost incurred by the company for producing one unit which can be determined by dividing the total production cost by the total number of units produced or transferred by the manufacturing department to the sales department.
Gross profit: Gross profit refers to the total profit that is earned by the company without considering other expenses such as taxes and interest. It can be determined by subtracting total sales and total cost of goods sold.
The gross profit earned by the company.
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