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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23. Sparkle Jewelry sells 800 units resulting in $85,000 of sales revenue, $32,000 of variable costs. And $ 26,000 of fixed costs. The number of units that must be sold to achieve $41,000 of operating income is? a. 909 units. b. 393 units c. 1,012 units d. 619 units
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. $240,000 4.
None
What price must be set to earn a profit of 8% of sales?
Your COGS$=$35,250 Total Labor = $26,000 Controllables = $5,750 Minimum Rent = $6,500 Advertising = $500 Net Sales $98,000 Your Controllable Profit% is:
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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Question 6 Kennish Company sold 5840 units for $46 each. Variable costs were $27 per unit and total fixed expenses were $23860. What is Kennish's net income?
Ferkil Corporation manufacturers a single product that has a selling price of $20.00 per unit. Fixed expenses total $45,000 per year, and the company must sell 4,500 units to break even. If the company has a target profit of $19,000, sales in units must be: Group of answer choices 5,450 units 6,750 units 6,400 units 5,991 units
Sale price per unit is $174Variable cost is 40% of salesNet income is $23,100 Company sells 500 units per month How many units would the company have to sell to obtain a target profit of $21,000?

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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