#7

The gross margin for October is

The gross margin for October is

The gross margin for July? General accounting

Can you help me with accounting questions

An income statement for Sam's Bookstore for the first quarter of the year is presented below: Sam's Bookstore Income Statement For Quarter Ended March 31 Sales Cost of goods sold Gross margin Selling and administrative expenses Selling Administrative Net operating income Multiple Choice $ 101,000 106,000 $190,000 $ 900,000 635,000 265,000 On average, a book sells for $60. Variable selling expenses are $5 per book with the remaining selling expenses being fixed. The variable administrative expenses are 3% of sales with the remainder being fixed. The contribution margin for Sam's Bookstore for the first quarter is: 207,000 $ 58,000

Aidel Inc., a merchandising company, reported the following results for September. Cost of goods sold 205,837 Fixed selling and administrative expense 41,331 Variable selling and administrative expense, 86,269 Sales revenue 563,800 This question is independent of all other questions. Please use only the information in this question to calculate the answer. Based on the information provided above, calculate break – even in dollars. Cost of goods sold is a variable cost in this company. Enter only the amount for the break – even in dollars in the box provided below ( rounded to a whole number, based on general rounding rules). Enter the amount only. Do not enter letters, words, dollar signs or the calculation.

The following monthly data are available for National Co., which produces only one product: Selling price per unit, P42; Unit variable expenses, P14; Total fixed expenses, P42,000; Actual sales for the month of June, 4,000 units. How much is the margin of safety for the company in June?

An income statement for Sam's Bookstore for the first quarter of the year is presented below:   Sam's Bookstore Income Statement For Quarter Ended March 31 Sales   $ 910,000 Cost of goods sold   565,000 Gross margin   345,000 Selling and administrative expenses     Selling $ 120,000   Administrative 144,000 264,000 Net operating income   $ 81,000   On average, a book sells for $70. Variable selling expenses are $5 per book with the remaining selling expenses being fixed. The variable administrative expenses are 4% of sales with the remainder being fixed.   The contribution margin for Sam's Bookstore for the first quarter is:

account

An income statement for Sam's Bookstore for the first quarter of the year is presented below:   Sam's Bookstore Income Statement For Quarter Ended March 31 Sales     $ 840,000 Cost of goods sold       545,000 Gross margin       295,000 Selling and administrative expenses         Selling $ 116,000     Administration   136,000   252,000 Net operating income     $ 43,000     On average, a book sells for $60. Variable selling expenses are $4 per book with the remaining selling expenses being fixed. The variable administrative expenses are 3% of sales with the remainder being fixed.   The contribution margin for Sam's Bookstore for the first quarter is: Multiple Choice $239,000 $758,800 $213,800 $626,200

An income statement for Sam's Bookstore for the first quarter of the year is presented below. Sam's Bookstore Income Statement For Quarter Ended March 31 Sales Cost of goods sold $910,000 565,000 Gross margin 345,000 Selling and administrative expenses Selling Administrative $ 120,000 144,000 264,000 Net operating income $ 81,000 On average, a book sells for $70. Variable selling expenses are $5 per book with the remaining selling expenses being fixed. The variable administrative expenses are 4% of sales with the remainder being fixed. The net operating income using the contribution approach for the first quarter is: Multiple Choice $81,000 $280,000 $345,000 $243,600

Todrick Company is a merchandiser that reported the following information based on 1,000 units sold: Sales $ 300,000 Beginning merchandise inventory $ 20,000 Purchases $ 200,000 Ending merchandise inventory $ 7,000 Fixed selling expense ?question mark Fixed administrative expense $ 12,000 Variable selling expense $ 15,000 Variable administrative expense ?question mark Contribution margin $ 60,000 Net operating income $ 18,000  3. Calculate the selling price per unit. 4. Calculate the variable cost per unit. 5. Calculate the contribution margin per unit.

Posted in General account

An income statement for Sam's Bookstore for the first quarter of the year is presented below:   Sam's Bookstore Income Statement For Quarter Ended March 31 Sales     $ 850,000 Cost of goods sold       535,000 Gross margin       315,000 Selling and administrative expenses         Selling $ 114,000     Administration   132,000   246,000 Net operating income     $ 69,000     On average, a book sells for $50. Variable selling expenses are $5 per book with the remaining selling expenses being fixed. The variable administrative expenses are 4% of sales with the remainder being fixed.   The contribution margin for Sam's Bookstore for the first quarter is:

Todrick Company is a merchandiser that reported the following information based on 1,000 units sold:         Sales $ 270,000 Beginning merchandise inventory $ 18,000 Purchases $ 180,000 Ending merchandise inventory $ 9,000 Fixed selling expense $ ? Fixed administrative expense $ 10,800 Variable selling expense $ 13,500 Variable administrative expense $ ? Contribution margin $ 54,000 Net operating income $ 16,200     4. Calculate the variable cost per unit. 5. Calculate the contribution margin per unit. 6. Which income statement format (traditional format or contribution format) would be more useful to managers in estimating how net operating income will change in responses to changes in unit sales?

Data concerning Strite Corporation's single product appear below: Selling price per unit Variable expense per unit Fixed expense per month Assume the company's target profit is $8,000. The dollar sales to attain that target profit is closest to: (Round your intermediate calculations to 2 decimal places.) Multiple Choice $1,532,857 $429,200 $596,111 $ 150.00 $ 42.00 $ 421,200 $852,723

Todrick Company is a merchandiser that reported the following information based on 1,000 units sold: Sales Beginning merchandise inventory Purchases Ending merchandise inventory Fixed selling expense Fixed administrative expense Variable selling expense Variable administrative expense Contribution margin Net operating income Required: 1. Prepare a contribution format income statement. 2. Prepare a traditional format income statement. 3. Calculate the selling price per unit. 4. Calculate the variable cost per unit. 5. Calculate the contribution margin per unit. $ 435,000 $ 29,000 $ 290,000 $ 14,500 ? $ 17,400 $ 21,750 ? $ 87,000 $ 26,100 6. Which income statement format (traditional format or contribution format) would be more useful to managers in estimating how net operating income will change in response to changes in unit sales? Complete this question by entering your answers in the tabs below. Req 1 Req 2 Req 3 to 5 Req 6 Prepare a contribution format income statement. Todrick…

Data concerning Celenza Corporation's single product appear below:  selling price per unit- $230 Variable expense per unit- 59.80 fixed expense per month- 697,820 Assume the company's monthly target profit is $18,000. The dollar sales to attain that target profit are closest to: Select one: a. $967,324 b. $1,478,766 c. $715,820 d. $2,753,154

Todrick Company is a merchandiser that reported the following information based on 1,000 units sold: Sales Beginning merchandise inventory Purchases Ending merchandise inventory Fixed selling expense Fixed administrative expense Variable selling expense Variable administrative expense Contribution margin Net operating income Required: 1. Prepare a contribution format income statement. 2. Prepare a traditional format income statement. 3. Calculate the selling price per unit. 4. Calculate the variable cost per unit. 5. Calculate the contribution margin per unit. $ 480,000 $ 32,000 $ 320,000 $ 16,000 ? $ 19,200 $ 24,000 ? $ 96,000 $ 28,800 6. Which income statement format (traditional format or contribution format) would be more useful to managers in estimating how net operating income will change in response to changes in unit sales? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 to Required 6 5 Prepare a contribution format income…

Financial data for august

I need help solving this general accounting question with the proper methodology.

General accounting question

Please given correct answer

Georgetown Company's weekly store operating costs for a 10-week period totaled $320,000 for the high, and $260,000 for the low. Sales volumes for those two weeks were $4,000,000 and $3,200,000, respectively. The estimated variable cost per dollar of sales using the high-low method is:     A. $0.05 per sales dollar.         B. $0.08125 per sales dollar.       C. $0.075 per sales dollar.     D. $0.1067 per sales dollar.

Answer please