QS 15-24 (Algo) Gross profit ratio LO A1 A manufacturer reports sales of $100,000 and cost...

  

 

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QS 15-24 (Algo) Gross profit ratio LO A1 A manufacturer reports sales of $100,000 and cost of goods sold of $75,000. 1. Compute its gross profit ratio. 2. If competitors average a 10% gross profit ratio, does this manufacturer compare favorably or unfavorably to its peers? 1. Gross profit ratio 2. If competitors average a 10% gross profit ratio, does this manufacturer compare favorably or unfavorably to its peers? % QS 15-5 (Algo) Job cost sheet LO C1 The following partial job cost sheet is for a job lot of 2,600 units completed. JOB COST SHEET 2,600 Customer's Name Date March 8 March 11 Huddits Company Direct Materials: Requisition Cost # 55 #56 $ 44,650 34,500 1. What is the total cost of this job lot? 2. What is the total cost per unit completed? 1. The total cost of this job lot 2. Cost per unit completed Quantity Direct Labor Time Ticket #1 to 10 per unit Cost $ 60, 900 Job Number Overhead Rate Date March 8 150% of Direct Labor Cost 202 Cost $ 91,350 QS 15-24 (Algo) Gross profit ratio LO A1 A manufacturer reports sales of $100,000 and cost of goods sold of $75,000. 1. Compute its gross profit ratio. 2. If competitors average a 10% gross profit ratio, does this manufacturer compare favorably or unfavorably to its peers? 1. Gross profit ratio 2. If competitors average a 10% gross profit ratio, does this manufacturer compare favorably or unfavorably to its peers? % QS 15-5 (Algo) Job cost sheet LO C1 The following partial job cost sheet is for a job lot of 2,600 units completed. JOB COST SHEET 2,600 Customer's Name Date March 8 March 11 Huddits Company Direct Materials: Requisition Cost # 55 #56 $ 44,650 34,500 1. What is the total cost of this job lot? 2. What is the total cost per unit completed? 1. The total cost of this job lot 2. Cost per unit completed Quantity Direct Labor Time Ticket #1 to 10 per unit Cost $ 60, 900 Job Number Overhead Rate Date March 8 150% of Direct Labor Cost 202 Cost $ 91,350

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