How do you get this answerA company manufactured50.000 units of a product ata cost of $450,000. It sold45,000 units at $15 each.The gross profit is:a. $225,000b. $750,000c. $225,000wwwwd. $600,000e. $270,000

To determine the gross profit, you need to know the total revenue from sales and the cost of goods…

Answered: How do you get this answer A company…

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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We sell two products: Product #1 Product #2 Total Sales $200,000 $400,000 $600,000| Variable Expenses 120,000 350,000 470,000 Contribution Margin 80,000 50,000 130,000 CM Ratio 40% 12.5% 21.67% Fixed Expenses total $30,000. What is the breakeven point based on the current sales mix? A. $600,000 B. $75,000 C. $138,440 D. $240,000 4.
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Question Content Area A company manufactured 50,000 units of a product at a cost of $450,000. It sold 45,000 units at $15 each. The gross profit is a. $240,000 b. $600,000 c. $750,000 d. $270,000
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How do you get this answer A company manufactured 50.000 units of a product at a cost of $450,000. It sold 45,000 units at $15 each. The gross profit is: a. $225,000 b. $750,000 c. $225,000 wwww d. $600,000 e. $270,000