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The gross profit margin percentage (rounded) was?

The gross profit margin percentage (rounded) was?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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The gross profit margin percentage (rounded) was?

4. A company manufactures a single product for its customers by contracting in advance of production. Thus, the company produces only units that will be sold by the end of each period. For the last period, the following data were available: Sales P40,000 Direct materials Direct labor 6,050 Rent (9/10 factory, 1/10 office) 3,000 Depreciation on factory equipment Supervision (2/3 factory, 1/3 office) Salespeople's salaries Insurance (2/3 factory, 1/3 office) 1,200 Office supplies Advertising 700 Depreciation on office equipment 500 Interest on loan gross profit margin percentage (rounded) was 9,050 2,000 1,500 1,300 750 300 The
Transcribed Image Text:4. A company manufactures a single product for its customers by contracting in advance of production. Thus, the company produces only units that will be sold by the end of each period. For the last period, the following data were available: Sales P40,000 Direct materials Direct labor 6,050 Rent (9/10 factory, 1/10 office) 3,000 Depreciation on factory equipment Supervision (2/3 factory, 1/3 office) Salespeople's salaries Insurance (2/3 factory, 1/3 office) 1,200 Office supplies Advertising 700 Depreciation on office equipment 500 Interest on loan gross profit margin percentage (rounded) was 9,050 2,000 1,500 1,300 750 300 The
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