During its first year of operations, Connor Company paid $42,040 for direct materials and $19,200 in wages for production workers. Lease payments and utilities on the production facilities amounted to $8,200. General, selling, and administrative expenses were $9,200. The company produced 6,200 units and sold 5,200 units for $16.20 a unit. The average cost to produce one unit is which of the following amounts?
a. $20.00
b. $16.00
c. $18.40
d. $25.00
Answers: 3
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During its first year of operations, Connor Company paid $42,040 for direct materials and $19,200 in...
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