Zoolander Inc. manufacturers high end fashion accessories and has provided the following data for the latest quarter
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Question:
Zoolander Inc. manufacturers high end fashion accessories and has provided the following data for the latest quarter ended March 31st:
Cost of Goods Manufactured | $197,300 |
Cost of Goods Sold | $163,750 |
Property insurance paid on factory | $4,500 |
Utilities for the factory | $9,000 |
Indirect materials used in production | $3,000 |
Sales Revenue | $650,000 |
Operating Expenses | $205,000 |
Calculate gross profit for Zoolander Inc.'s first quarter.
$445,000 | ||
$452,700 | ||
$486,250 | ||
$281,250 |
Related Book For
Managerial Accounting
ISBN: 978-0697789938
13th Edition
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
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