Sully company provided the following information for last month. production in units 3,000 direct materials cost $7,000 direct labor cost $10,000 overhead cost $9,600 sales commission per unit sold $4 price per unit sold $29 fixed selling and administrative expense $7,000 there were no beginning and ending inventories. what is gross margin for sully company last month? a.$54,000 b.$47,400 c.$32,400 d.$60,400 e.$64,600

d.$60,400

Explanation:

The computation of the gross margin is shown below:

= Sales -  Direct materials cost - Direct labor cost - Overhead cost

where,

Sales = 3,000 units × $29 = $87,000

And all the other items would remain the same

Now put these values to the above formula  

So, the value would equal to

= $87,000 - $7,000 - $10,000 - $9,600

= $60,400

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