Company XYZ is a smart phone merchant. The company purchases smart phones directly from the manufacturer and sells them to customers. During the month of April. the company purchased 60 smart phones and paid $900 for each one. The company managed to sell 55 smart phones during the same month for $1,200 each. The company incurred total Selling and Administrative costs of $4,000 of which 20% is fixed costs. Assume that XYZ did not have a beginning inventory during April, what was the gross margin ($) for April? of O a. 12,500 O b. None of the given answers O c. 8,800 O d. 16,500 O e. 13,300 tion Company XYZ is a car navigation system manufacturer. The company sells each unit for $400. The variable manufacturing cost per unit is $100 while the variable selling and administrative cost per unit is $50. The fixed manufacturing cost is $4,000 while the fixed selling and administrative cost is $6,000. Calculate the number of units needed to achieve an operating profit of $8,000. (round to the nearest number) ed d out of O a. None of the given answers Fir O b. 51 ag O. 40 ion Od. 33 O e. 72 PREVIOUS PAGE NEXT PAGE SC ock F1 F2 F3 F4 F5 000 F6 F7 F8 F9 F10
Company XYZ is a smart phone merchant. The company purchases smart phones directly from the manufacturer and sells them to customers. During the month of April. the company purchased 60 smart phones and paid $900 for each one. The company managed to sell 55 smart phones during the same month for $1,200 each. The company incurred total Selling and Administrative costs of $4,000 of which 20% is fixed costs. Assume that XYZ did not have a beginning inventory during April, what was the gross margin ($) for April? of O a. 12,500 O b. None of the given answers O c. 8,800 O d. 16,500 O e. 13,300 tion Company XYZ is a car navigation system manufacturer. The company sells each unit for $400. The variable manufacturing cost per unit is $100 while the variable selling and administrative cost per unit is $50. The fixed manufacturing cost is $4,000 while the fixed selling and administrative cost is $6,000. Calculate the number of units needed to achieve an operating profit of $8,000. (round to the nearest number) ed d out of O a. None of the given answers Fir O b. 51 ag O. 40 ion Od. 33 O e. 72 PREVIOUS PAGE NEXT PAGE SC ock F1 F2 F3 F4 F5 000 F6 F7 F8 F9 F10
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Answer two questions please
Transcribed Image Text:Company XYZ is a smart phone merchant. The company purchases smart phones directly from the manufacturer and sells them to customers. During the month of April.
the company purchased 60 smart phones and paid $900 for each one. The company managed to sell 55 smart phones during the same month for $1,200 each. The company
incurred total Selling and Administrative costs of $4,000 of which 20% is fixed costs. Assume that XYZ did not have a beginning inventory during April, what was the gross
margin ($) for April?
of
O a. 12,500
O b. None of the given answers
O c. 8,800
O d. 16,500
O e. 13,300
tion
Company XYZ isa car navigation system manufacturer. The company sells each unit for $400. The variable manufacturing cost per unit is $100 while the variable selling
and administrative cost per unit is $50. The fixed manufacturing cost is $4,000 while the fixed selling and administrative cost is $6,000. Calculate the number of units
needed to achieve an operating profit of $8,000. (round to the nearest number)
ed
dout of
O a None of the given answers
Finis
O b. 51
ag
O. 40
ion
Od. 33
O e. 72
PREVIOUS PAGE
NEXT PAGE
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ock
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F2
F3
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