Company produced and sold 30,000 units Product K and 2,000 units by-product W from the same process with joint cost P420,000. At split-off, the selling prices for K is P25 per unit while W is P5 per unit. Company desires P4,000 net profit on by-products. Using the additional sales revenue in accounting for

Q: Vati-Vati CC produces and sells only one product. The following data is available: Cost of sales…

A: Cost of Sales = 550000 Gross Profit = 350000 Calculation of Sales figure form available data  In…

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A: The income statement is an essential part of the financial statements of the company. Indicates…

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A: To calculate the gross margin under absorption costing, we need to determine the cost of goods sold…

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A: Formulas: Break even sales (Units) = Fixed costs / Contribution Margin per unit  Break even sales…

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A: Income statement is the one which is prepared in order to determine the profits of the entity. In…

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A: Gross profit: The difference between the sales and the cost of goods sold is called gross profit.…

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A: Absorption costing considers all costs of manufacturing as product costs irrespective of the nature…

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A: Gross Profit = Sales Revenue x Gross Profit Margin Cost of Goods Sold = Sales - Gross Profit

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A: Variable costs are those type of costs which changes along with change in sales activity level.…

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A: "Since you have asked a question with multiple sub-parts, the first three sub-parts are answered for…

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A: Profit, after expenses also known as income or earnings is an indicator of how well a company is…

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A: Decision to continue or eliminate a division in an organization is taken by the management by…

Q: Gross profit?

A: Definition of Gross profit:Gross profit is a measure of a company's efficiency in converting revenue…

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A: VARIABLE COSTINGVariable Costing is a Cost Managerial Accounting Method in which all variable cost…

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A: Lets understand the basics. Cost of sales is a all cost required to manufacture product or providing…

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Q: xed costs ariable costs ermine for 2 variable cos

A: 1)   Total Cost Fixed Cost in  % Fixed Cost in $ Variable Cost in  % Variable Cost in $…

Q: Sales revenue (6,000 units)                                    $150,000 Cost of goods sold:…

A: Total Contribution Margin = Sales - All Variable Cost

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A: Comparative Income Statements - It Is a Part Of The Books Of a Company And Is Also Shows The…

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A: Income statement is the financial statement of the company that shows the revenue and expenditures…

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A: The question is related to Marginal Costing amd details are given.

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A: The cost of products sold is the sales cost that solely includes direct costs. It indicates that the…

Q: What is composite of e?

A: Composite unit is defined as the hypothetical measure which combines the products in the sales mix…

Q: Lj Company's total sales was P125,750. If the gross profit is 57.75% of the sales, how much is the…

A: Cost of goods sold is the cost of goods which is sold by the company. The cost of goods sold is the…

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A: Variable costs are costs which changes along with change in activity level. For example, direct…

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A: The income statement can be prepared using various methods as variable costing and absorption…

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A: Marginal Costing - Marginal Costing is the method of computing operating profit by bifurcating…

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A: Gross margin is computed by subtracting the cost of goods sold from the sales price. The cost of…

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A: Step 1: Introduction to Contribution Margin and Gross Margin:The contribution margin is computed by…

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A: Gross profit = Sales - cost of goods soldGross Profit Margin in Decimals= (Gross profit/sales) Net…

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A: Contribution margin :— It is the difference between sales revenue and variable cost.    Target sales…

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A: Relevant costs refer to the all the related cost of a product and relevant sales refers to the sales…