NEIU Company has no beginning and ending inventories, and reports the following data about its only product: Direct materials used $350,000 Direct labor $175,000 Fixed indirect manufacturing $150,000 Fixed selling and administrative $125,000 Variable indirect manufacturing $100,000 Variable selling and administrative $75,000 Selling price(per unit) $100 Units produced and sold 20,000 NEIU Company uses the full absorption approach to prepare the income statement. What is the gross profit? A) $750,000B) $1,000,000C) $1,150,000D) $1,225,000

Amanda works as an industrial designer

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Which of the following statements is true of unsought products? as compared to convenience products, unsought products are purchased more frequently. unsought products are consumer products and services that customers usually buy frequently, immediately, and with minimal comparison and buying effort. a life insurance policy is an example of an unsought product. unsought products have strong brand identification for which a significant group of buyers is willing to make a special purchase effort. unsought products are those products purchased for further processing or for use in conducting a business.