Blanchett Company manufactures fishing rods. Last
year, direct materials costing $ were put into
production. Direct labor of $ was incurred, and
manufacturing overhead equaled $ The
company had an operating income for the year of
$ and it manufactured and sold fishing
rods at a sales price of $ per unit. Assume that there
were no beginning or ending inventory balances in the
workinprocess and finished goods inventory accounts
A
Compute the perunit product cost. Round answer to
two decimal places.
D Compute the gross margin for the year.
