How can we find profitability if we have gross margin percent and gross margin total in...
How can we find profitability if we have gross margin percent and gross margin total in dollars. We have volume of total units and the price of each unit and the margin is also given.
Homework Answers
Solution:
Total Revenue = Total units x Price of each unit
When we are given volume of total units and the price of each unit compute total Revenue (i.e. Total units x Price of each unit)
As we are also given gross margin total in dollars, and total revenue we have already compted thus put the value in the formula: Gross Margin in dollars = Revenue – Cost of Goods Sold to compute the COGS. Further
Gross Profit Margin percentage = (Total Revenue – Cost of Goods Sold)/Total Revenue x 100
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im lost on how to do the blank questions i just need the gross margin question...
im lost on how to do the blank questions
i
just need the gross margin question explained
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Determine the gross profit margin for each product produced based on the ABC data [(selling price...
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based on the ABC data [(selling price - ABC cost per unit) x Units
produced]
b.) Determine the gross profit margin for each product produced
based on the traditional costing data [(selling price - traditional
cost per unit) x units produced}
c,) Provide an explanation as to why the cost of OS-367 may have
increased under the ABC system while the cost of GS-157
decreased.
d.) Suggest what action management might...
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im lost on how to do the blank questions
i
just need the gross margin question explained
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Determine the gross profit margin for each product produced
based on the ABC data [(selling price - ABC cost per unit) x Units
produced]
b.) Determine the gross profit margin for each product produced
based on the traditional costing data [(selling price - traditional
cost per unit) x units produced}
c,) Provide an explanation as to why the cost of OS-367 may have
increased under the ABC system while the cost of GS-157
decreased.
d.) Suggest what action management might...
Accounting Help. Thanks!
Please help me find margin of safety ratio and total increase in
sales required. I have already found most of the answers. Thank
you
Oak Bucket Co., a manufacturer of wood buckets, had the following data for 2013. Sales Sales price Variable costs Fixed costs 2,000 units $43.00 per unit $15.91 per unit $19,530 Your answer is correct. What is the contribution margin ratio? Contribution margin ratio 1 LINK TO TEXT VIDEO: SKILL-BUILDING Your answer is correct....
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