Vegas Company has the following unit costs: Variable manufacturing overhead $ 25 Direct materials 20 Direct...
Vegas Company has the following unit costs: Variable manufacturing overhead $ 25 Direct materials 20 Direct labor 19 Fixed manufacturing overhead 12 Variable marketing and administrative 7 Vegas produced and sold 10,000 units. If the product sells for $100, what is the operating profit under full absorption costing?
Homework Answers
Sales revenue = 100*10,000 = 1,000,000
Cost of Goods Sold = (25+20+19+12)*10,000 = 760,000
Gross profit = 1,000,000 - 760,000 = 240,000
Operating profit = 240,000 - (7*10,000)
= 170,000
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Vegas Company has the following unit costs: Variable
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Vegas Company has the following unit costs: Variable manufacturing overhead $ 25 Direct materials 20 Direct labor 19 Fixed manufacturing overhead 12 Variable marketing and administrative 7. Vegas produced and sold 10,000 units. If the product sells for $100, what is the operating profit using a contribution margin income statement?
Vegas Company has the following unit costs: Variable manufacturing overhead $ 25 Direct materials 20...
Vegas Company has the following unit costs: Variable manufacturing overhead $ 25 Direct materials 20 Direct labor 19 Fixed manufacturing overhead 12 Variable marketing and administrative 7 Vegas produced and sold 10,000 units. If the product sells for $100, what is the contribution margin? A. $360,000 B. $240,000 C. $290,000 D. $170,000
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