A company manufacturers 50,000 units of a product at a cost solve this question A company manufactured 50,000 units of aproduct at a cost of $450,000. It sold 45,000units at $15 each. The gross profit is:a) $240,000b) $600,000c) $750,000d) $270,000

Explanation: In the given case, we are required to calculate the gross profit from the data given in…

Answered: A company manufactured 50,000 units of…

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter6: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 2CMA

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A company manufactured 50,000 units of product at a cost of $450, 000. It sold 45,000 units at $ 15 each. The gross profit is _.
A company manufactured 50,000 units of a product at a cost of $450,000. They sold 40,000 units for $15 each. What is the gross margin? O $600,000 O $450,000 O $240,000 O $750,000
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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 following information relates to the Magna Company for the upcoming year, based on 490,000 units. Amount Per Unit Sales $ 4,900,000 $ 10.00 Cost of goods sold 3,920,000 8.00 Gross margin 980,000 2.00 Operating expenses 367,500 0.75 Operating profits $ 612,500 $ 1.25 The cost of goods sold includes $1,470,000 of fixed manufacturing overhead; the operating expenses include $122,500 of fixed marketing expenses. A special order offering to buy 86,000 units for $9.30 per unit has been made to Magna. Fortunately, there will be no additional fixed expenses associated with the order and Magna has sufficient capacity to handle the order. How much will operating profits be increased if Magna accepts the special order?
The following information relates to the Jasmine Company for the upcoming year, based on 424,000 units: Amount Per Unit Sales $ 8,480,000 $ 68.00 Cost of goods sold 6,784,000 40.00 Gross margin 1,696,000 28.00 Operating expenses 960,000 7.50 Operating profits $ 736,000 $ 20.50 The cost of goods sold includes $2,289,600 of fixed manufacturing overhead; the operating expenses include $281,600 of fixed marketing expenses. A special order offering to buy 74,000 units for $19.80 per unit has been made to Jasmine. Fortunately, there will be no additional fixed costs associated with the order and Jasmine has sufficient capacity to handle the order. How much will operating profits increase if Jasmine accepts the special order? Multiple Choice $185,000 $74,000 $562,400 $370,000
During the year, sales were $300,000. The unadjusted balance of Cost of Goods Sold was $225,000. Overapplied manufacturing overhead was $5,000. What is the gross profit on sales? a. 300,000 b. 80,000 c. 220,000 d. 180,000
The gross profit margin of the company BIOMETAL was 106.000 euros. The cost of of goods produced was 410,000 euros. The initial stocks of finished products were 65,000 euros and the final stocks of finished products were 72,000 euros. The company's sales amounted to (amounts in euros): 905.000 509.000 475.000 403.000
For the following annual data of the electrical company producing 25,000 electrical bulbs, calculate the selling price of each electrical bulb. No. of workers= 10 Working wage= $10,000 Material cost = $200,000 Water, generator and electricity invoices = 17% of the prime cost. Distribution cost = 15% of the direct cost. Administration cost= 10% of the direct cost. Advertising cost= 20% of the administration cost. Profit = 8% of the total cost.
The following information relates to the Jasmine Company for the upcoming year, based on 418,000 units: Per Unit $ 20.00 16.00 4.00 1.50 $ 2.50 Sales Cost of goods sold Gross margin Operating expenses Operating profits The cost of goods sold includes $2,319,900 of fixed manufacturing overhead; the operating expenses include $209,000 of fixed marketing expenses. A special order offering to buy 68,000 units for $18.60 per unit has been made to Jasmine. Fortunately, there will be no additional fixed expenses associated with the order; however, Jasmine is operating at full capacity. How much will operating profits increase if Jasmine accepts the special order? Multiple Choice O O O $340,000. $170,000. $68,000. Amount $ 8,360,000 6,688,000 1,672,000 627,000 $ 1,045,000 4 Operating profits will not increase as a result of accepting the special order.
General Accounting

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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