If the cost of manufacturing (direct materials and direct labor) is 80% of sales and profit is

Fantastic news! We've Found the answer you've been seeking!

Question:

If the cost of manufacturing (direct materials and direct labor) is 80% of sales and profit is 10% of sales, what is the new profit percentage if the direct costs for manufacturing were reduced from 80% to 75% ?

Related Book For answer-question

Fundamentals of Cost Accounting

ISBN: 978-0077398194

3rd Edition

Authors: William Lanen, Shannon Anderson, Michael Maher

See More Books

Posted Date: Dec 11, 2023 08:34 AM

See More Questions

What is the competitive situation faced by Wilkerson? Given some apparent problems with Wilkerson's cost system, should executives abandon overhead assignment to products entirely by adopting a...
The cost of goods manufactured schedule for Spanglish Industries is presented below with numbers omitted. Required: (a) Calculate the missing numbers. (b) If 150,000units were produced during June,...
Marshall uses a job order costing system to account for projects. It applies manufacturing overhead to jobs on the basis of direct labor hours and pays its direct labor workers $30 per hour. The...
What are the pros and cons of Sephora carrying more than 200 brands of personal care products?
Use source transformation to determine I0 in the circuit shown. 2 1C2 12 0v -j1 420A
Evaluate the given functions. find H(4) and H((0.4) 2 ). H(q) = 8 + 29; 9
An investigator has $0.010 \mu \mathrm{g}$ samples of two isotopes of strontium, ${ }^{89} \mathrm{Sr}\left(t_{1 / 2}=51 ight.$ days $)$ and ${ }^{90} \mathrm{Sr}\left(t_{1 / 2}=28 ight.$...
A supervisor states, Integration testing is a waste of time. If each program is tested adequately, integration testing is not needed. Instead, we should move on to system testing as soon as possible....
What are your final recommendations, including what you would recommend regarding regular and special orders, the state bidding system, and overall control of the university materials-management...
If we accept the Sharpe model as a description of expected returns, using the data in Table 16.1, find the expected return on a stock in the construction industry with the following characteristics....
Establish and document a timely and cost-effective process for obtaining the resources required for the project. Include steps for: Selecting plant and equipment Hiring plant and equipment Ordering...
= 3. Consider a list of consequences C (C, C2, C3) and suppose that a decision-maker has preferences over lotteries II over C that are represented by a utility function U. Consider lotteries II = (1,...
Explain the following tables and discuss about policy "A" and policy "B" in collection program? Justify which policy suits to the firm and why? Collection Programs Default Risk and Bad-Debt Losses...
17. You are hoping to buy a ferrari that costs $9,000. You will make monthly payments for 5 years at 12% interest compounding monthly. How much will your car payment be?
Hand-trace the following code, showing the value of n and the output. i=0 total = 0 while total < 10: i=i+1 total= total - 1 print(i, total)
When considering Asynchronous Transmission and Synchronous Transmission at the Data-Link layer. Briefly explain which features of Asynchronous Transmission would make it an inappropriate choice for...
In December 2021, John collected the December 2021 and January 2022 rent payments from his tenant, Emma. John is a cash-basis taxpayer(taxpayer who reports income and deductions in the year that they...
A. Select a recent issue (paper or online) of Report on Business Magazine, Canadian Business Magazine (online only), Bloomberg Businessweek, Fast Company, The Economist, or another business magazine....
Mission Electronics manufactures and sells basic DVD players for sale under various generic store brand names. The cost of one of their models follows: Materials . . . . . . . . . . . . . . . . . . ....
Select an administrative function commonly found in a firm. Examples include personnel, accounts payable, purchasing, and so on. Outline an activity-based costing system for the function, including...
For each of the following costs incurred in a manufacturing firm, indicate whether the costs are fixed (F) or variable (V) and whether they are period costs (P) or product costs (M) under full...
A Marist poll survey showed that 47% of respondents chose whatever as the most annoying phrase used in conversation. What is the probability of randomly selecting someone choosing something different...
Let R be the event of randomly selecting a senator and getting a Republican, and let D represent the event of randomly selecting a second different senator and getting a Democrat. Use words to...
If one of the physicians is randomly selected, find the probability of getting one who made a correct dosage calculation or was given the bottle with a concentration label. Dosage Calculations. Use...

If the cost of manufacturing (direct materials and direct labor) is 80% of sales and profit is

Question:

Expert Answer:

Lets begin by understanding the given situation Initially Direct Cost 80 of Sales Profit 10 ... View the full answer

Fundamentals of Cost Accounting

Students also viewed these general management questions