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

During the year, sales were $300,000. The unadjusted balance of Cost of Goods Sold was $225,000. Overapplied manufacturing overhead was $5,000. What is the gross profit on sales? a. 300,000 b. 80,000 c. 220,000 d. 180,000

For the following annual data of the electrical company producing 25,000 electrical bulbs, calculate the selling price of each electrical bulb.  No. of workers= 10 Working wage= $10,000 Material cost = $200,000 Water, generator and electricity invoices = 17% of the prime cost. Distribution cost = 15% of the direct cost. Administration cost= 10% of the direct cost. Advertising cost= 20% of the administration cost. Profit = 8% of the total cost.

Farrow Co. expects to sell 300,000 units of its product in the next period with the following results.          Sales (300,000 units) $ 4,500,000   Costs and expenses       Direct materials   600,000   Direct labor   1,200,000   Overhead   300,000   Selling expenses   450,000   Administrative expenses   771,000   Total costs and expenses   3,321,000   Net income $ 1,179,000     The company has an opportunity to sell 30,000 additional units at $13 per unit. The additional sales would not affect its current expected sales. Direct materials and labor costs per unit would be the same for the additional units as they are for the regular units. However, the additional volume would create the following incremental costs: (1) total overhead would increase by 16% and (2) administrative expenses would increase by $129,000. Calculate the combined total net income if the company accepts the offer to sell additional units at the reduced price of $13 per unit. Should the…

A company purchases 250 units at $12 each and 310 units at $19 each. What is the weighted average cost per unit? A) $12.25 B) $ 15.88 C) $14.78 D) $15.61

In its first year of operation, the Clayton Publishing Company sells 52,000 units and has 1,700 units in stock at year end. The cost of goods sold are $3,100,000. What are the total manufacturing costs for the year if the average unit cost is $8.50? $3,114,450 $3,100,000 $3,085,550      4. $14,450

High Return Manufacturing company has a beginning finished goods inventory of $14,600, raw material purchases of $18,000, cost of goods manufactured of $32,500, and an ending finished goods inventory of $17,800. The cost of goods sold for this company is: A. $21,200. B. $29,300. C. $32,500. D. $47,100. E. $27,600. Paradise Corporation budgets on an annual basis for its fiscal year. The following beginning and ending inventory levels (in units) are planned for next year. Beginning Inventory Ending Inventory Raw material* 55,000 Finished goods 95,000 65,000 65,000 * Three pounds of raw material are needed to produce each unit of finished product. If Paradise Corporation plans to sell 555,000 units during next year, the number of units it would have to manufacture during the year would be: a. 525,000 units b. 500,000 units c. 555,000 units d. 585,000 units

A company purchases 250 units at $12 each and 310 units at $19 each. What is the weighted average cost per unit? A) $12.25 B) $ 15.88 C) $14.78 D) $15.61. Help

60. ABC Company buys 5,000 units annually for its manufacturing business. The cost of receiving and placing an order is P20,000 including handling charges of P8,000. Annual carrying costs are 5% of the purchase price of P15,000 per unit. The company maintains a safety stock of 150 units. The delivery time is 15 days. What is the total inventory cost? [units in the computations should be rounded off to 2 decimal places] a. 494,850 b. 499,950 c. 502,250 d. 504,850

LOTECK Company's weekly store operating costs for a 10-week period totaled $320,000 for a high, and $260,000 for a low. Sales volumes for the two weeks were $4,000,000 and $3,200,000, respectively. The estimated fixed cost using the high-low method is:     A. $100,000.     B. $300,000.           C. $320,000.       D.   $20,000.