Cost Volume Profit

Crate Express Co. produces wooden crates used for shipping products by ocean liner. In 2020, Crate Express incurred the following costs.

Montier Corporation produces one product. Its cost includes direct materials, direct labor, variable overhead, fixed manufacturing, and fixed selling and administrative. In October 2020, Montier produced 25,000 units and sold 20,000 at $50 each.

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