A firm operated at 80% of capacity for the past year, during which fixed costs were $191,000, variable costs were 66% of sales, and sales were $908,000.Operating profit wasOa. $599,280Ob. $94,176Oc. $308,720Od. $117,720

Operating profit is the amount of profit which is earned by an entity from its operations. It is…

Answered: A firm operated at 80% of capacity for…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

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Chapter2: Building Blocks Of Managerial Accounting

Section: Chapter Questions

Problem 6EA: Carr Company provides human resource consulting services to small- and medium-sized companies. Last...

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During the current year. Plainfield Manufacturing earned income of $845,000 from total sales of $9,350,000 and average capital assets of $13,500,000. What is the sales margin?
Division A of Kern Co. has sales of $350,000, cost of goods sold of $200,000, operating expenses of $30,000, and invested assets of $600000. What is the return on investment for Division A? A. 20% B. 25% C. 33% D. 40%
During the current year, Plainfield Manufacturing earned income of $845,000 from total sales of $9,350,000 and average capital assets of $13,500,000. Using the sales margin from the previous exercise, what is the total ROI for the company during the current year?
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Last year, Orsen Company produced 25,000 juicers and sold 26,500 juicers for 60 each. The actual variable unit cost is as follows: Fixed overhead was 320,000. Fixed selling expenses consisted of advertising copayments totaling 110,000. Fixed administrative expenses were 236,000. There were no beginning and ending work-in-process inventories. Beginning finished goods inventory was 148,000 for 4,000 juicers. The value of ending inventory reported on the financial statements was Refer to the information in 2.24. The gross margin percentage for last year was a. 12.57% b. 55.67% c. 28.95% d. 38.33%
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A firm operated at 80% of capacity for the past year, during which fixed costs were $191,000, variable costs were 66% of sales, and sales were $908,000. Operating profit was Oa. $599,280 Ob. $94,176 Oc. $308,720 Od. $117,720