Calculate the cost of sales for the following: Goods are sold at a mark-up of 60% on cost. Sales are $400,000.
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- What is the gross profit? Please given solutionA firm sells 2,800 units of an item each year. The carrying cost per unit is $3.26 and the fixed costs per order are $74. What is the economic order quantity? (Please round units to the nearest whole number) General AccountA dining set costs a company $2,300 to manufacture. If it sells for $5,175, what is the percent markup based on cost?
- What is the economic order quantity?Carter Company reported the following data regarding the product it sells: . . Sales price: $80 Contribution margin ratio: 25% Fixed costs: $240,000 Use the contribution margin ratio approach. To obtain a profit of $60,000, what must the sales be in dollars? In units?A firm sells 2,800 units of an item each year. The carrying cost per unit is $3.26 and the fixed costs per order are $74. What is the economic order quantity? (Please round units to the nearest whole number) solve this general accounting Query
- A firm sells 2,800 units of an item each year. The carrying cost per unit is $3.26 and the fixed costs per order are $74. What is the economic order quantity? (Please round units to the nearest whole number) solve thisIf the net operating income is $10,000, the gross margin is $40,000, and the cost of goods sold is $49,500, then the sales must be: Multiple Choice $99,500. $129,000. $89,500. $139,000.A product sells for $30 per unit and has a contribution margin ratio of 45%. Fixed expenses total $130,000 annually. How many units must be sold to yield a profit of $40,000?
- If your estimate is that Galaxy Electronics is going to sell 6,500 units at $25 per piece and each item costs $8, your estimated cost of goods sold in dollars would be:A firm sells 2,800 units of an item each year. The carrying cost per unit is $3.26 and the fixed costs per order are $74. What is the economic order quantity? (Please round units to the nearest whole number) help meThe rate of markup on cost on a product selling at $64.50 is 45%. What is the cost of the product to the retailer? What is the rate of markup on selling price?