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The unit sold for 56 and was assigned overhead at a rate of

Question - The production of one unit of Product XYZ used $17.50 of direct materials and $21 of direct labor. The unit sold for $56 and was assigned overhead at a rate of one-third of direct labor costs. What is the gross profit per unit on its sale?

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Accounting Basics: The unit sold for 56 and was assigned overhead at a rate of

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