Pecan Co, produced and sold 40.000 units last year, per unit revenue and costs were as shown in the table. Revenue. $100.00 cost of goods sold direct materials $15.00 direct labour. $30.00 variable manufactureing overhead 20.00 fixed manufacturing overhead 10.00 total cost of goods sold 75.00 gross margin. $25.00 selling and Administrative cost sales commissions (10% of sales) fixed manufacturing overheadand administrative salaries are fixed costs. the per unit amounts are based on last year's production. calculate last year's opreating income when the company produced and sold 40.000units. round to the nearest dollar?

Pecan Co, produced and sold 40.000 units last year, per unit revenue and costs were as shown in the table. Revenue. $100.00 cost of goods sold direct materials $15.00 direct labour. $30.00 variable manufactureing overhead 20.00 fixed manufacturing overhead 10.00 total cost of goods sold 75.00 gross margin. $25.00 selling and Administrative cost sales commissions (10% of sales) fixed manufacturing overheadand administrative salaries are fixed costs. the per unit amounts are based on last year's production. calculate last year's opreating income when the company produced and sold 40.000units. round to the nearest dollar?

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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