Homework Answers
Selling price per unit = $760
Cost per unit = $450
Units sold = 600
Gross profit = ($760 - $450) X 600 units = $186,000
Option D.
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Schrute Farm Sales buys portable generators for $450 and sells them for $760. He pays a...
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 $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...
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
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...
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...
Schruto Farm Sales bus portable generators for 480 and sell them for $740. He pays a...
Schruto Farm Sales bus portable generators for 480 and sell them for $740. He pays a sales commission of 5% of sales revenue to his sales staff Mr. Schle pays 15.000 a month rent for his store and also pays $1,700 a month to his staff in addition to the commissions. Mr. Schrute sold 500 generators in June. If Mr. Schute prepares a contribution margin income statement for the month of June what would be his contribution margin? O A...
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...
It costs Homer's Manufacturing $0.65 to produce baseballs and Homer sells them for $4.00 a piece. Homer pays a...
It costs Homer's Manufacturing $0.65 to produce baseballs and Homer sells them for $4.00 a piece. Homer pays a sales commission of 5% of sales revenue to his sales staff. Homer also pays $16,000 a month rent for his factory and store, and also pays $81,000 a month to his staff in addition to the commissions. Homer sold 69,500 baseballs in June. If Homer prepares a traditional income statement for the month of June, what would be his gross profit?...
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Elvis Electric Profits Given Sales Volume & Variable/Fixed Costs Easy PREVIOUS NEXT Elvis Electric (EE) buys portable generators for $450 and sells them for $720. He pays a sales commission of 5% of sales revenue. EE pays $10,000 a month rent for the store and pays $16,700 a month in staff salaries. EE sold 200 generators in June. What is the operating income for the month of June? Enter your response as a whole number, without dollar sign or commas...
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 $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...
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
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...
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...
Schruto Farm Sales bus portable generators for 480 and sell them for $740. He pays a sales commission of 5% of sales revenue to his sales staff Mr. Schle pays 15.000 a month rent for his store and also pays $1,700 a month to his staff in addition to the commissions. Mr. Schrute sold 500 generators in June. If Mr. Schute prepares a contribution margin income statement for the month of June what would be his contribution margin? O A...
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...
Elvis Electric Profits Given Sales Volume & Variable/Fixed Costs Easy PREVIOUS NEXT Elvis Electric (EE) buys portable generators for $450 and sells them for $720. He pays a sales commission of 5% of sales revenue. EE pays $10,000 a month rent for the store and pays $16,700 a month in staff salaries. EE sold 200 generators in June. What is the operating income for the month of June? Enter your response as a whole number, without dollar sign or commas...
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