The following information is available for Concord Corporation:Total fixed$150000expenses==Total variable.320000expensesSalesCost of goodssold$570000370000A CVP income statement would reportO gross profit of $250000,contribution margin of $420000.Ogross profit of $200000.O contribution margin of $250000.

Variable costs are costs that vary with the change in the level of output whereas fixed costs are…

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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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the Sales Cost ( 390000)$ , Sales ( 990000)$ , Ind. Marketing ( f. ) ( 120000)$ Ind. Exp. ( f.) ( 150000)$. Ad. Cost ( 220000)$. Net profit ( using variable Cost ) ?
If the gross profit ( 2250 000 )D. The total Cost ( 4750 000 )D. , and the Sales value ( 7000 000 )D.The percnt of gross ?/
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. $150000 260000
Complete the following paragraphs : If the common cost ( 450 000)$. distribution between S. and R. using N.R.V. the sales Value of S. ( 255 000)$. , ( 300 000)$. to the R. and the Cost after off point to the (S. ) ( 125 000)$. the value of N.R.V. to the S. ?. * (- 130000 )$ ( 130000)$. ( another option)
Remember: Gross profit = SP- CP Activity 1.2 enti Complete the following table: Table 1.2: Finding the cost price, the gross profit or the selling price No Cast price Gross prafit Selling price 1.2.1 R5 600 R8 700 1.2.2 R3 400 30% 1.2.3 R6 800 R12 700 1.2.4 R17 500 R35 000 The owner of an enterprise has to calculate both the gross and the net profit. A business has certain operating expenses thai must be deducied from the gross profit to get the net profit. Examples of operating expenses are: • Salaries Wages • Rent paid/rent expense • Advertisements • Stationery. The cost of advertising the business is one example of an operating expense. Gross profit minaş operating expenses equals net profit."
If the common cost ( 350 000)$. distribution between S. and R. using N.R.V. the sales Value of S. ( 200 000)$. , ( 300 000)$. to the R. and the Cost after off point to the R. ( 155000)$. the value of N.R.V. to the R. ? *
the gross profit ( 2250 000 )$ , and the sales value ( 8550 000 )$ . Total cost ?
Determine the missing amounts. Unit SellingPrice Unit VariableCosts Unit ContributionMargin Contribution MarginRatio 1. $750 $375 $ (a) % (b) 2. $450 $ (c) $153 % (d) 3. $ (e) $ (f) $760 40 %
If the common cost ( 350 000)$. distribution between S. and R. using N.R.V. the sales Value of S. ( 200 000)$. , ( 300 000)$. to the R. and the Cost after off point to the S. ( 145000)$. the value of N.R.V. to the S. ? * . a- ( 145000)$. b-(55000 )$. C- ( another option)
Calculate gross profit, cost of goods sold, and selling price MBI, Inc., hat sales of $250 million for fiscal 2013. The company's gross profit ratio for that yea was 37.2%,
If the Sales Cost ( 350000)$, Sales ( 990000)$ , Ind. Marketing ( f. ) ( 120000)$ Ind. Exp. ( f.) ( 150000)$. Ad. Cost ( 220000)$. Net profit ( using .? variable Cost) ( 1130000 )$ ( 150000)$ ( 990000)$ ( another option ).
Matamad Inc. Provides you with the following data on its operation for analysis:Unit selling priceP40Variable costs and expenses per unit.P30Fixed cost and expenses per annum.P48,000REQUIRED:a. Contribution margin per unitb. Contribution margin percentagec. BEP sales volume (units)d. BEP peso salese. Peso sales with desired income of P9,000f. Peso sales with desired income P13,000 after 32% income tax

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