Sales revenue 476 800 purchase 412 800 gross profit 64 000 selling expenses 20 000 admin cost 7 200 operating profit 36 800 questions: 1) if a company has a markup of 23% and a sales revenue of £130,597, then what is the cost of sales in whole £'s? 2) if a company has a net margin of 50%, gross margin of 66.67% and the costs of sale of £150,000, then what is the sales revenue and overhead?
Sales revenue 476 800 purchase 412 800 gross profit 64 000 selling expenses 20 000 admin cost 7 200 operating profit 36 800 questions: 1) if a company has a markup of 23% and a sales revenue of £130,597, then what is the cost of sales in whole £'s? 2) if a company has a net margin of 50%, gross margin of 66.67% and the costs of sale of £150,000, then what is the sales revenue and overhead?
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter16: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 29E
Related questions
Question
Sales revenue 476 800
purchase 412 800
gross profit 64 000
selling expenses 20 000
admin cost 7 200
operating profit 36 800
questions:
1) if a company has a markup of 23% and a sales revenue of £130,597, then what is the cost of sales in whole £'s?
2) if a company has a net margin of 50%, gross margin of 66.67% and the costs of sale of £150,000, then what is the sales revenue and overhead?
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning