Number of units produced and sold Sales Selling Price per unit Variable Selling Expense per unit Variable Administrative Expense per unit Total Fixed Selling Expense Total Fixed Administrative Expense Merchandise Inventory: Beginning Balance Ending Balance Purchases D 1 23. What are the TOTAL Variable Expenses? 34. What are the TOTAL Fixed Expenses? 4 55. What is the Gross Margin? 66. What is the Contribution Margin? Amount(s) 7 8 7. What is the Net Operating Profit (Loss)? 9 1,000 $400,000.00 $400.00 $40.00 $10.00 $60,000.00 $120,000.00 1. What is the Cost of Goods Sold? What are the TOTAL Selling and Administrative Expenses? $35,000.00 $20,000.00 $105,000.00 A $15,000 Merchandise Inventory 35,000 BB purchases 105,000 EB 20,000 COGS

Number of units produced and sold Sales Selling Price per unit Variable Selling Expense per unit Variable Administrative Expense per unit Total Fixed Selling Expense Total Fixed Administrative Expense Merchandise Inventory: Beginning Balance Ending Balance Purchases D 1 23. What are the TOTAL Variable Expenses? 34. What are the TOTAL Fixed Expenses? 4 55. What is the Gross Margin? 66. What is the Contribution Margin? Amount(s) 7 8 7. What is the Net Operating Profit (Loss)? 9 1,000 $400,000.00 $400.00 $40.00 $10.00 $60,000.00 $120,000.00 1. What is the Cost of Goods Sold? What are the TOTAL Selling and Administrative Expenses? $35,000.00 $20,000.00 $105,000.00 A $15,000 Merchandise Inventory 35,000 BB purchases 105,000 EB 20,000 COGS

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

Section: Chapter Questions

Problem 32MCQ

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Hh1. Account
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