Evans Company reported the following: Manufacturing costs Units manufactured Units sold Beginning inventory $2,385,000 53,000 40,000 units sold for $100 per unit O units What is the amount of gross profit margin? $2,915,000 $4,000,000 $1,615,000 $2,200,000

Evans Company reported the following: Manufacturing costs Units manufactured Units sold Beginning inventory $2,385,000 53,000 40,000 units sold for $100 per unit O units What is the amount of gross profit margin? $2,915,000 $4,000,000 $1,615,000 $2,200,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Delos, Inc. reports the following information for April: Sigma Gamma Units sold 2,000 units 750 units Sales price per unit $300 $700 Variable manufacturing cost per unit 200 460 Sales commission per unit: Sigma: 8% of sales price 24 Gamma: 8% of sales price 56 What is the contribution margin of Sigma? A. $152,000 B. $552,000 C. $200,000 D. $77,000
The MER-92566 merchandising company reported the following information for last year: Amount $. 1,312,000 $ 410 $ 46 $ 18 $ 150,000 $ 105,000 $ 75,000 $ 115,000 $310,000 Sales Selling price per unit Variable selling expense per unit Variable administrative expense per unit Total fixed selling expense Total fixed administrative expense Beginning merchandise inventory Ending merchandise inventory Merchandise purchases The MER-92566 company's contribution margin per unit is closest to: (Carry out your calculations up to 2 decimal places) O $392 O $346 O $262 O $364
The following information pertains to Alleigh's Mannequins: Manufacturing costs $1,500,000 Units manufactured 30,000 Units sold 29,500 units sold for $85 per unit Beginning inventory 0 units What is the amount of gross margin?
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Trillium, Inc. reports the following information for April: Alpha Beta Units sold 3,000 units 750 units Sales price per unit $250 $700 Variable manufacturing cost per unit 175 500 Sales commission per unit: Alpha: 4% of sales price 10 Beta: 6% of sales price 42 What is the contribution margin ratio of Beta? (Round your answer to two decimal places.) OA. 30% OB. 28.57% ○ C. 6% OD. 22.57%
Tucker Company reports the following data: Sales $415,400 Variable costs 278,300 Contribution margin $137,100 Fixed costs 112,200 Income from operations $24,900 Determine Tucker Company's operating leverage. Round your answer to one decimal place.fill in the blank 1
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The following information pertains to Morrow’s Mannequins: Manufacturing Cost $2,170,000 Unites Manufactured 32,000 Unites Sold 28,500 units sold for $90 per unit Beginning inventory 0 units What is the amount of gross margin? $270,000 $2,170,000 $1,995,000 $632,344