Problem: Last year Quest Company incurred the following costs:
Direct materials: $40,000
Direct labor 60,000
Overhead 90,000
Selling expenses 24,000
Administrative expenses 22,000
Quest produced and sold 2,000 units at a sales price of $125 each. Assume that beginning and ending inventories of materials, work in process, and finished goods were zero.
Gross Margin per-unit was?
a.$125
b.$7
c.$95
d.$30