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    vanita12's Avatar
    vanita12 Posts: 1, Reputation: 1
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    #1

    Jun 1, 2012, 02:27 PM
    the sharma company provides you with the following miscellaneous date regarding opera
    the sharma company provides you with the following miscellaneous date regarding operations in 20X9

    Gross Profit $40,000
    Net Profit 15,000
    Sales 120,000
    Direct Material USed 35,000
    Direct Labor 25,000
    Fixed manufacturing overhead 15,000
    Fixed selling and administrative expenses 12,000


    there are no begininnig or ending inventories
    compute (a) variable selling and administrative expenses b) contribution margin in dollars, c) variable manugacturing voerhead, d) break-even point in sales dollars, and e) manufacturing cost of goods sold
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
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    #2

    Jun 1, 2012, 04:03 PM
    Quote Originally Posted by vanita12 View Post
    the sharma company provides you with the following miscellaneous date regarding operations in 20X9

    Gross Profit $40,000
    Net Profit 15,000
    Sales 120,000
    Direct Material USed 35,000
    Direct Labor 25,000
    Fixed manufacturing overhead 15,000
    Fixed selling and administrative expenses 12,000


    there are no begininnig or ending inventories
    compute (a) variable selling and administrative expenses b) contribution margin in dollars, c) variable manugacturing voerhead, d) break-even point in sales dollars, and e) manufacturing cost of goods sold
    ?? Seems to be some confusion in terms, there are small differences in certain figures where the unstated items might be inferred

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