It costs Homer's Manufacturing 50.85 to produce baseballs and Homer sells them for $6.00 a...
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Accounting
It costs Homer's Manufacturing 50.85 to produce baseballs and Homer sells them for $6.00 a plece. Homer pays a sales commission of 5% of sales revenue to his sales staff. Homer also pays $17.000 a month rent for his factory and store, and also pays $75,000 a month to his staff in addition to the commissions. Homer sold 67,500 baseballs in June. If Homer prepares a traditional income statement for the month of June, what would be his gross profit? O A. $347.625 OB. $462,375 OC. $57,375 OD. $405,000
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