When the gross profit percentage of costs is 32%, the gross profit percentage of sales is equal to: D 24.24% D 30.07% O 26.78% O 28.65% A Click Submit to complete this assessment.
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- Q1. Use the simple costing system to prepare a product-line profitability report for FS.Online Test Window-Google Chrome tests.mettl.com/test-window/f55ac827#/testWindow/0/10/1 EY Accounting Assessment O Total 00:55:19 Finish Test Section 1 of 1 Section #1 v 1. 2 3 4. 51 8 9 10 11 11 of 45 All 2 43 Question # 11 Revisit Choose the best option Net profit is calculated as: Sales minus cost of sales. O Sales plus overheads. O Gross profit minus overheadş. O Gross profit minus cost of sales. Prec Queston Next Question +91-82878-03040 +1-650-924-9221 Zaineh Support 413 PM meti 1/16/2021E Touch t. 04:04 45% D 9:28 elearning.jadara.edu.jo/E (15 1 3 Question : 1 B The point is when total revenues equal total costs. 2 downloads complete. Details
- Absorption Costing, Value of Ending Inventory, Operating Income Please answer number 4 ony, thank you!!Total cost + Profit:____ O a. Selling price O b. Cost of goods sold O c. Selling and distribution overheads O d. Gross ProfitCase 1-26 (Algo) Cost Classification and Cost Behavior [LO1-1, LO1-2, LO1-3, LO1-4] The Dorilane Company produces a set of wood patio furniture consisting of a table and four chairs. The company has enough customer demand to justify producing its full capacity of 4,100 sets per year. Annual cost data at full capacity follow: Direct labor Advertising Factory supervision Property taxes, factory building Sales commissions Insurance, factory Depreciation, administrative office equipment Lease cost, factory equipment Indirect materials, factory Depreciation, factory building Administrative office supplies (billing) Administrative office salaries Direct materials used (wood, bolts, etc.) Utilities, factory $ 89,000 $ 104,000 $ 66,000 $ 22,000 $ 58,000 6,000 2,000 $ $ 12,000 $ 16,000 $ 102,000 $ Required 1 Required 2 Required 3 3,000 $ 106,000 $ 434,000 $ 46,000 Required: 1. Enter the dollar amount of each cost item under the appropriate headings. Note that each cost item is classified in two…
- ctoring Enabled: Chapter 4 The Art of Modellin. i Saved Help Save & Exit 1 An analyst built the following spreadsheet, complete with named ranges (for example, cell B2 is named "Unit_Price" based on the heading in cell A2). A 2 Unit Price 19 3. Unit Cost 8.57 4 Unit Gross Profit Unit Price Unit Cost 5. 6. Quantity Sold 5,800 7 8. Gross Revenue Quantity Sold x Unit Price Quantity Sold x Unit Cost 3,200 Gross Revenue - Variable Costs Variable Costs 10 Fixed Costs 11 Net Profit Fixed Costs 12 Profit per Unit = Net Profit/Quantity Sold After entering the data shown below in cells B2, B3, B6, and B10, what values should appear Gross Profit and Profit per Unit" answers to 2 decimal places.) the following cells? (Round your "Unit Cell Value B4 (Unit_Gross_Profit) B8 (Gross Revenue) B9 (Variable_Costs) B11 (Net Profit) B12 (Profit_per_Unit) aw Prev 1 of 5 Next >QUESTION 1 Cost AccountingChoose the answer from the choicesAnswer 2nd picture: Inventory costing: perpetual system
- What is an advantage of using historical costs on a financial statement? Group of answer choices It shows the cost of one more additional unit of output asy to prove by looking at source purchase documentsQuestion 4: The difference between total sales revenue and total cost of goods sold is the Group of answer choices a Net marketing contribution b Gross marketing contribution c All of these d Trade marginREQUIRED:Draft the income statement for the year ended 31 December 2021 using the: 5.1 Marginal Costing method 5.2 Absorption Costing method