A company manufactured 50,000 units of a product at a cost of $450,000. It sold 45,000 units at $15 each. The gross profit is: a) $240,000 b) $600,000 c) $750,000 d) $270,000
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A company manufacturers 50,000 units of a product at a cost solve this question
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- Annual production of Product X is 400,000 annually. Each unit of Product X requires 2.5 units of material J. Product X is sold for 500 per unit and its total manufacturing cost is 300. Material J is purchased at 60 per unit. Carrying cost per unit of material J is 1 per unit while the ordering cost is 500 per order. How any units of material j shall the company order each time to minimize total relevant cost of inventories? a. 31,623 b. 20,000 c. 30,263 d. 26,336 e. None of theseSanchez & Ryan, Inc, sells a single product. This year, 20,000 units were sold resulting in $130,000 of sales revenue, $60,000 of variable costs, and $17,500 of fixed costs. The number of units that must be sold annually to achieve $52,500 of profits is:ABC Inc. incurred the following costs for the last 3 months: Production in units: 40,000 50,000 60,000 Factory rent: $ 10,000 $ 10,000 $ 10,000 Indirect Manufacturing costs: $ 50,000 $ 60,000 $ 70,000 Selling costs: $ 60,000 $ 75,000 $ 90,000 Commissions: $ 120,000 $ 150,000 $ 180,000 Assuming that ABC was to produce and sell 80,000 units next month, how much would the company incur in selling costs?
- The Silverman Company spent $14,000 on direct supplies and $19,000 on the salary of production personnel in its first year of business. General, selling, and administrative costs came to $8,000 while lease payments and utilities for the production facilities came to $17,000. At a cost of $15.00 per unit, the company produced 5,000 units, of which 3,000 were sold. When was the year's operating net profit for Silverman? $7,000 $12,000 $28,000 $37,000Moyas Corporation sells a single product for $20 per unit. Last year, the company's sales revenue was $300,000 and its net operating income was $24,000. If fixed expenses totaled $96,000 for the year, the break-even point in unit sales was: 14,100 units O 9,900 units O 15.000 units O 12.000 unitsWu Company incurred $40,000 of fixed cost and $50,000 of the variable cost when 4,000 units of products were made and sold. If the company's volume increases to 5,000 units, the total cost per unit will be: a. $18.00. b. $20.00. c. $20.50. d. $22 50.
- Moyas Corporation sells a single product for $20 per unit. Last year, the company's sales revenuewas $300,000 and its net operating income was $24,000. If fixed expenses totaled $96,000 for theyear, the break-even point in unit sales was:A) 12,000 units B) 14,100 units C) 9,900 units D) 15,000 unitsMine Company produced 1,000 units of a product at a selling price of P95.00 each. Direct materials P30, Direct Labor P15, Factory overhead P 20,000.00. Selling and administrative incurred P10,000.00. How much is the gross profit per unit P 30.00 P 20.00 P 75.00 P 10.00Fidalgo Company makes stereo systems. During the year, Fidalgo manufactured and sold 75,700 stereo systems at a sales price of $570 per unit. Fidalgo's per-unit product cost was $505, and selling and administrative expenses totaled $2,270,000. Compute the total sales revenue
- oyas Corporation sells a single product for $10 per unit. Last year, the company's sales revenue was $280,000 and its net operating income was $17,000. If ed expenses totaled $95,000 for the year, the break-even point in unit sales was: Multiple Cholce 28,000 unitsBang Inc has the following cost details: per kg. Material cost= 200 Direct labour= 40 Direct variable overhead= 20 Fixed production charges for the year on normal working capacity of 2 lakh kgs is 20 lakhs. 4,000 kgs of finished goods are in stock at the year end. Find Value of inventory per kg of finished goods.ABC Corporation total breakeven point is 100,000 units. Its selling price is 100 and contribution margin is 40. During the year, the operating profit is 800,000. What is the total actual units sold during the year?
