Question Jazz Electronics paid S000 for a televion Operating expenses are set at 25% of cost and the net profe is 10% of cost Use this infomation to complete the entire price structure table below % of S Dollars Regular Selling Price Cost Markup Operating Expenses Net Profit
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- Kingsbury Manufacturing has net sales revenue of $800,000, cost of goods sold of $343,600, and all other expenses of $327,800. The net profit margin is: Multiple Choice 0.37 0.16 0.57 0.84 < Prev Next im 39 of 50G http Chapter Review My... Sales price Contribution margin ratio Fixed costs Tra.. Vernon Company reported the following data regarding the product it sells: a. Break-even point in dollars a. Break-even point in units b. Sales in dollars b. Sales in units c. Break-even point in dollars c. Break-even point in units $60 Man... $ 10% $216,000 M Questio... Required Use the contribution margin ratio approach and consider each requirement separately. b Ans... 2,160,000 36,000 Bes... Saved a. What is the break-even point in dollars? In units? b. To obtain a profit of $54,000, what must the sales be in dollars? In units? c. If the sales price increases to $72 and variable costs do not change, what is the new break-even point in dollars? In units? US fron.Mark up cost structure example with example of Margin cost structure Sales 125% Sales 100%CoS (100%) CoS (75%)Gross Profit 25%. Gross Profit 25% The draft accounts of Astel Co. for the year ended 31st Jan 2020 include the following: Revenue $80,000 Gross profit $20,000It was subsequently discovered that revenue had been understated by $10,000 and closing inventory overstated by $5,000. 1. After correction of these errors the gross profit percentage margin will be (to 1 d.p.)?
- omplete the table: Cost Markup Selling Price $480 40% on selling price _______ ?selling pricePlease help me fastGeneral Merchandising Co. Selling price is P2,750, Selling expenses is P500 and the Cost to sell is P650. The cost of sales is P.1750 and replacement cost P1,500, 47. What is Lower of Cost or Net Realizable Value (NRV)? LCNRV AP1,500. B. P 1.600. C.P 1,750. D. P 2,750 OD O B OC O A
- The following information is available for Bramble Corp.: Sales Cost of goods sold $520000 0 0 0 0 300000 Total fixed expenses A CVP income statement would report contribution gross profit of $220000. contribution gross profit of $260000. Total variable expenses margin of $260000. margin of $370000. $150000 260000A manufacturer has the following per-unit costs and values for its sole product: Cost $10.00 5.50 Current replacement cost Net realizable value 6.00 Net realizable value less normal profit 5.20 margin Under the first-in first-out (FIFO) cost method, what is the per-unit carrying value of inventory in the manufacturer's statement of financial position? O 55.20 $5.50 $6.00 $10.00A business determines selling price by adding a mark-up of 30% to cost. The profit earned on a product with a selling price of £390 will be: a) £300 b) £117 c) £210 d) £90
- The following information is available for Concord Corporation: Total fixed $150000 expenses == Total variable. 320000 expenses Sales Cost of goods sold $570000 370000 A CVP income statement would report O gross profit of $250000, contribution margin of $420000. Ogross profit of $200000. O contribution margin of $250000.NG SYSTEM (ACADEMIC) erial Accounting - Spring21 Time left 0:20:55 XYZ Co. has the following sales mix for its three products: A, 20%; B, 35%; and C, 45%. Fixed costs total $400,000 and the weighted-average contribution margin is $100. How many units of product B must be sold to break-even? a. 4,000 b. 1,800. Oc. 800. O d. None of the answers is correct. Oe. 14,00. On the cost-volume-profit graph, the intersection between the sales line and the total cost line represents: O a. The loss area O b. The profit area F4 F5 F6 F7 F8 F9 F10 %23 24 * 4. 3. 6. 17 8 69 OOO OCAssume the following information: Selling price Variable expense ratio Fixed expenses Unit sales Multiple Choice O O How many units need to be sold to achieve a target profit of $16,900? 4,150 units 1,019 units 2,817 units Amount 6,220 units $30 80% $ 8,000 per month 3,400 per month