Question

The Sharma Company provides you with the following miscellaneous data regarding operations in 20X9:
Gross profit .............. $ 40,000
Net profit .............. 15,000
Sales ................ 120,000
Direct material used ........... 35,000
Direct labor ............. 25,000
Fixed manufacturing overhead ....... 15,000
Fixed selling and administrative expenses . 12,000
There are no beginning or ending inventories.
Compute
(a) Variable selling and administrative expenses,
(b) Contribution margin in dollars,
(c) Variable manufacturing overhead,
(d) Break-even point in sales dollars, and
(e) Manufacturing cost of goods sold.



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  • CreatedNovember 19, 2014
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