Question: In the table below, calculate the P&L changes using a cost plus 20% job costing for the following: New GP $ & GP margin %

In the table below, calculate the P&L changes using a cost plus 20% job costing for the following:
New GP $ & GP margin %
New Total Overheads $ & % sales
New Net Profit $ & Net Profit margin %

12 Month P&L Revenue 750,000 Original Total Direct costs 600,000 Gross Profit

12 Month P&L Revenue 750,000 Original Total Direct costs 600,000 Gross Profit Net Profit 150,000 Total Overheads 109,982 40,018 % sales 20.0% 14.7% 5.3% Cost plus 20% 600,000 % sales

Step by Step Solution

★★★★★

3.31 Rating (145 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Answer a Particulars Original sales Given Cost Plu... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

The data in the table below represent warehouse club and superstore sales in the United States on a monthly basis. a. Prepare a time-series plot of the data, and visually inspect that plot to...

The carbon steels listed in the table below were soaked at 1000 C for 1 hour to form austenite and were cooled slowly, under equilibrium conditions to room temperature. Refer to the Fe-Fe3C phase...

The data in the table below was used to estimate the following consumption function: C = 10 + 0.5Y On a graph, draw the consumption function and plot the points from the table. Calculate the error...

Determine whether each relation defines y as a function of x. Give the domain. Identify any linear functions. y = |x|

Both organizations featured in the case have been quite successful with their global rollouts. Search the Internet for examples of less-than-thriving global or international system implementations....

The rate of change of the monthly sales of a new basketball game is given by S(t) = 350 ln (t + 1) S(0) = 0 where t is the number of months since the game was released and S(t) is the number of games...

distinguish job control from control beliefs and describe possible consequences of a mismatch between the two;

In its 10-K amended filing on April 30, 2010, Bronco Drilling reported the financial statements of Challenger Limited (an unconsolidated subsidiary) for its year ending December 31, 2009. The balance...

b. An auditor discovers that a clients accounts receivable turnover is substantially lower for the current year than for the prior year. This trend may indicate that (1) the client recently tightened...

No matter how a company measures the benefits provided by an online business implementation, it usually tries to measure those benefits in monetary units. In a paragraph or two, explain why this is a...

Select all the correct answers, Which two actions are examples of time management skills? taking on more tasks each day before completing others increasing time at work to complete all tasks for the...

Outsourcing of labor by U.S. companies typically takes place because ___________________. Question 3 options: there is no longer enough space to build factories in the United States most companies...

Hi could you please help with the below question. In May 2012, a bank will issue a 4/7 FRA referenced to BBSW with a guaranteed rate of 4.5% p.a.. Bank bill futures for September 2012 delivery are...

Chapter 33 (section 33-5a) discusses the Great Recession of 2008-2009. Respond to ONE of the following: What lingering effects from the Great Recession do you find in either news stories or in your...

Which of the following adjusting entries would be the most likely be reversed? Select one: a.DR: Depreciation Expense $500; CR: Accumulated Depreciation $500 b.DR: Salary Expense $1,980; CR: Salary...

What are "virtual or remote organizations"? Describe the role of the manager in such organizations. explain in easy words

CPA audits the financial statements of a client. The CPA has also been asked to perform bookkeeping functions for the client Jnder the AICPA Code of Professional Conduct, which of the following...

What does non-recourse financing mean?

Summit Systems will pay a dividend of $1.50 this year. If you expect Summits dividend to grow by 6% per year, what is its price per share if the firms equity cost of capital is 11%?

The Manana Corporation had sales of $60 million this year. Its accounts receivable balance averaged $2 million. How long, on average, does it take the firm to collect on its sales?

Colgate-Palmolive Company has just paid an annual dividend of $0.96. Analysts are predicting an 11% per year growth rate in earnings over the next five years. After then, Colgates earnings are...

What are some of the advantages of e-commerce?

Describe how purchasing interacts with two other functional areas of an organization.

What factors have made it desirable to manage supply chains? What are some potential benefits of doing so?