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 _.
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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 _.
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- Help me with thisA 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 $750,000The following information pertains to ABC Company: Manufacturing costs: $2,240,000 Units manufactured: 32,000 Price per unit: $110 per unit Beginning inventory: 1,500 units Ending inventory: 4,000 units What is the amount of ABC Company’s gross margin?
- Please given answer general AccountingThe 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
- In its first year of operation, the Clayton Publishing Company sells 52,000 units and has 1,700 units in stock at year end. The cost of goods sold are $3,100,000. What are the total manufacturing costs for the year if the average unit cost is $8.50? $3,114,450 $3,100,000 $3,085,550 4. $14,450Sanchez & 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:Wu Company incurred $40,000 of fixed cost and $50,000 of variable cost when 4,000 units of product were made and sold. If the company's volume doubles, what happens to the total cost per unit?
- Willis Company had an operating profit of $75,000 using variable costing and an operating profit of $57,000 using absorption costing. Variable production costs were $15 per unit. Total fixed manufacturing overhead was $120,000 and 10,000 units were produced. During the year, the inventory level: a. increased by 1,200 units. b. increased by 1,500 units. c. decreased by 1,500 units. d. decreased by 1,200 units.Pederson Company reported the following: Manufacturing costs $2,385,000 Units manufactured Units sold 53,000 40,000 units sold for $100 per unit Beginning inventory 0 units What is the amount of gross profit margin? A) $2,915,000 B) $4,000,000 C) $1,615,000 D) $2,200,000Wu 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.
