If sales equal 20,000 units, sales dollars equal $570,000, variable costs equal $387,600, and fixed costs...
If sales equal 20,000 units, sales dollars equal $570,000, variable costs equal $387,600, and fixed costs equal $140,000, then to calculate the profit or income from operations
$Choose...387,60020,000 units140,000570,000 - $Choose...387,60020,000 units140,000570,000 - $Choose...387,60020,000 units140,000570,000 = $Choose...28.5019.3842,4009.12182,400 income from operations
Homework Answers
Sales = $570,000
Variable Costs = $387,600
Fixed Costs = $140,000
Income from Operations = Sales - Variable Costs - Fixed
Costs
Income from Operations = $570,000 - $387,600 - $140,000
Income from Operations = $42,400
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If sales equal 20,000 units, sales dollars equal $570,000,
variable costs equal $387,600, and fixed costs...
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Tempo Company's fixed budget (based on sales of 7,000 units) for the first quarter reveals the following. Fixed Budget $2,800,000 $280,000 490,000 175,000 65,000 1,010,000 1,790,000 Sales (7,000 units X $ 400 per unit) Cost of goods sold Direct materials Direct labor Production supplies Plant manager salary Gross profit Selling expenses Sales commissions Packaging Advertising Administrative expenses Administrative salaries Depreciation-office equip. Insurance Office rent Income from operations 140,000 154,000 125,000 419,000 85,000 35,000 20,000 36,000 176,000 $1,195,000 (1) Compute the...
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