Homework Answers
| Sales (500*740) | $370,000 |
| Less: Purchase cost (500*480) | 240000 |
| Less: Sales commission (370000*5%) | 1850 |
| Contribution margin | $111,500 |
Option B. is correct answer.
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Schruto Farm Sales bus portable generators for 480 and sell them for $740. He pays a...
Schrute Farm Sales buys portable generators for $470 and sells them for $740. He pays a...
Schrute Farm Sales buys portable generators for $470 and sells them for $740. He pays a sales commission of 5% of sales revenue to his sales staff. Mr. Schrute pays $5,000 a month rent for his store, and also pays $2,200 a month to his staff in addition to the commissions. Mr. Schrute sold 600 generators in June. If Mr. Schrute prepares a contribution margin income statement for the month of June, what would be his contribution margin? O A...
This Question: 2 pts 6 of 40 Schrute Farm Sales buys portable generators for $490 and...
This Question: 2 pts 6 of 40 Schrute Farm Sales buys portable generators for $490 and sells them for $740 He pays a sales commission of 5% of sales revenue to his sales staff. Mr. Schrute pays $2,000 a month rent for his store, and also pays $2,000 a month to his staff in addition to the commissions. Mr. Schrute sold 500 generators in June. If Mr. Schrute prepares a contribution margin income statement for the month of June, what...
Schrute Farm Sales buys portable generators for $450 and sells them for $760. He pays a...
Schrute Farm Sales buys portable generators for $450 and sells them for $760. He pays a sales commission of 5% of sales revenue to his sales staff Mr Schrute pays $7.000 a month rent for his store, and also pays $2,100 a month to his staff in addition to the commissions. Mr. Schrute sold 800 generators in June. If Mr. Schrute prepares a traditional income statement for the month of June, what would be his gross profit? O A $456,000...
Question Help en Schrute Farm Sales buys portable generators for $500 and sells them for $760....
Question Help en Schrute Farm Sales buys portable generators for $500 and sells them for $760. He pays a sales commission of 5% of sales revenue to his sales staff. Mr. Schrute pays $2,000 a month rent for his store, and also pays $2,100 a month to his staff in addition to the commissions. Mr Schrute sold 200 generators in June. If Mr. Schrute prepares a contribution margin income statement for the month of June, what would be his contribution...
Schrute Farm Sales buys portable generators for $450 and sells them for $740. He pays a...
Schrute Farm Sales buys portable generators for $450 and sells them for $740. He pays a sales commission of 5% of sales revenue to his sales staff. Mr. Schrute pays $6,000 a month rent for his store, and also pays $1,800 a month to his staff in addition to the commissions. Mr. Schrute sold 700 generators in June. If Mr. Schrute prepares a traditional income statement for the month of June, what would be his operating income? O A. $518,000...
Question Help Schrute Farm Sales buys portable generators for $450 and sell them for $750. He...
Question Help Schrute Farm Sales buys portable generators for $450 and sell them for $750. He pays a les commission of sales revenue to his sales s in addition to the commissions. Mr Schule sold 700 generators in June r Schate prepares a traditional income statement for the month of Schule 1.000 a month rent for his store, and we pays $2.200 a month to what would be a gross prote? OA $322.000 OB. $525.000 OC. $847,000 0101000
Part B Schrute Farm Sales buys portable generators for $460 and sells them for $740. He...
Part B Schrute Farm Sales buys portable generators for $460 and sells them for $740. He pays a sales commission of 5% of sales revenue to his sales staff. Mr. Schrute pays $4,000 a month rent for his store, and also pays $1,800 a month to his staff in addition to the commissions. Mr. Schrute sold 500 generators in June. If Mr. Schrute prepares a contribution margin income statement for the month of June, what would be his contribution margin?...
Cost A Cost B Cost C Total Costs 60,000 units $75,000 $120,000 $65,000 $260,000 90,000 units...
Cost A Cost B Cost C Total Costs 60,000 units $75,000 $120,000 $65,000 $260,000 90,000 units $75,000 $180,000 $80,000 $335,000 Cost B is a cost. O A. sunk O B. fixed O c. mixed OD. variable Total fixed costs for Taylor Incorporated are $270,000. Total costs, including both fixed and variable, are $400,000 if 151,000 units are produced. The variable cost per unit is O A. $4.44/unit. O B. $1.79/unit O c. $2.65/unit. OD. $0.86/unit Which of the following would...
Question 1 parts ABC A company manufactures mirrors. Last month's costs were: Direct materials $90,000 Direct...
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Schrute Farm Sales buys portable generators for $470 and sells them for $740. He pays a sales commission of 5% of sales revenue to his sales staff. Mr. Schrute pays $5,000 a month rent for his store, and also pays $2,200 a month to his staff in addition to the commissions. Mr. Schrute sold 600 generators in June. If Mr. Schrute prepares a contribution margin income statement for the month of June, what would be his contribution margin? O A...
This Question: 2 pts 6 of 40 Schrute Farm Sales buys portable generators for $490 and sells them for $740 He pays a sales commission of 5% of sales revenue to his sales staff. Mr. Schrute pays $2,000 a month rent for his store, and also pays $2,000 a month to his staff in addition to the commissions. Mr. Schrute sold 500 generators in June. If Mr. Schrute prepares a contribution margin income statement for the month of June, what...
Schrute Farm Sales buys portable generators for $450 and sells them for $760. He pays a sales commission of 5% of sales revenue to his sales staff Mr Schrute pays $7.000 a month rent for his store, and also pays $2,100 a month to his staff in addition to the commissions. Mr. Schrute sold 800 generators in June. If Mr. Schrute prepares a traditional income statement for the month of June, what would be his gross profit? O A $456,000...
Question Help en Schrute Farm Sales buys portable generators for $500 and sells them for $760. He pays a sales commission of 5% of sales revenue to his sales staff. Mr. Schrute pays $2,000 a month rent for his store, and also pays $2,100 a month to his staff in addition to the commissions. Mr Schrute sold 200 generators in June. If Mr. Schrute prepares a contribution margin income statement for the month of June, what would be his contribution...
Schrute Farm Sales buys portable generators for $450 and sells them for $740. He pays a sales commission of 5% of sales revenue to his sales staff. Mr. Schrute pays $6,000 a month rent for his store, and also pays $1,800 a month to his staff in addition to the commissions. Mr. Schrute sold 700 generators in June. If Mr. Schrute prepares a traditional income statement for the month of June, what would be his operating income? O A. $518,000...
Question Help Schrute Farm Sales buys portable generators for $450 and sell them for $750. He pays a les commission of sales revenue to his sales s in addition to the commissions. Mr Schule sold 700 generators in June r Schate prepares a traditional income statement for the month of Schule 1.000 a month rent for his store, and we pays $2.200 a month to what would be a gross prote? OA $322.000 OB. $525.000 OC. $847,000 0101000
Cost A Cost B Cost C Total Costs 60,000 units $75,000 $120,000 $65,000 $260,000 90,000 units $75,000 $180,000 $80,000 $335,000 Cost B is a cost. O A. sunk O B. fixed O c. mixed OD. variable Total fixed costs for Taylor Incorporated are $270,000. Total costs, including both fixed and variable, are $400,000 if 151,000 units are produced. The variable cost per unit is O A. $4.44/unit. O B. $1.79/unit O c. $2.65/unit. OD. $0.86/unit Which of the following would...
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