Homework Answers
Production cost = raw material , components, labor, salry of vp production, factory rent, factory utility, and machine rent
Total product cost = 110 + 140 +80 + 10 + 15 + 8 + 37 = 400 million
Avg cost of manufacturing one laptop = 400,000,000 / 1,000,000 = 400
Income statement
| Sales [800,000*700] | 560,000,000 | |
| Cost of goods sold = 400*800,000 | (320,000,000) | |
| Gross profit | 240,000,000 | |
| Less: selling and administrative expenses | ||
| salary of vp sales | 10,000,000 | |
| ceo salary | 30,000,000 | |
| rent | 40,000,000 | |
| advertising | 50,000,000 | |
| sales comm | 20,000,000 | |
| utilities | 5,000,000 | |
| Salaries | 25,000,000 | (180,000,000) |
| Net profit | 60,000,000 | |
| tax | (21,000,000) | |
| Net income after tax | 39,000,000 |
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