Which of the following is the correct calculation of selling price? O a. Cost + Mark-up O b. Expenses + Profit - Mark-up O c. Cost - Mark-up * Expenses O d. Expenses - Profit

Q: Which of the following income is considered while preparing cost sheet?   O a. Interest received…

A: Cost accounting means where every cost of doing business is recorded in necessary account and cost…

Q: What is Day's-sales-outstanding ratio?

A: Ratio analysis: The analysis of a company using the financial ratios and comparing its trends and…

Q: Compare and contrast the differences and similarities between Cost of Goods Sold and Net Profit.

A: Cost of goods sold (COGS) represents the direct cost of producing the goods. These are the direct…

Q: The focus of a sell or process further decision is Select one: a. incremental cost. O b. incremental…

A: Introduction: Incremental cost : Its an extra cost for producing the unit.

Q: Income statement format that separates cost of goods sold into categories? Select one: a. Detailed…

A: The multiple-step income statement shows the cost in a separation method. So that we can easily…

Q: How are the floor and ceiling limits calculated as per the lower of cost or market (LCM) method…

A: LCM that is lower of cost or market value method says that inventory should be valued at a price…

Q: 1. Indicate the effects on gross profit the changes in volume, unit selling price, and unit cost.…

A: Gross profit is calculated by reducing the cost of goods sold from sales revenue. Thus, sales price…

Q: Under what circumstances is relative sales value anappropriate basis for determining the price…

A: Relative sales value is an appropriate basis for pricing inventory when a group of changing units is…

Q: Which method results in a more realistic amount for income because it matches the most current costs…

A: The current costs is based on the purchasing of the latest products which means the having book…

Q: Describe the difference between the units sold approach to cvp analysis and the sales revenue…

A: Sales can be defined as the source of earning to the business entity out of the sale of inventory…

Q: Cost-to-retail ratio under the cost method is calculated: A. After both markups (net) and markdowns…

A: Both markups and markdowns is used to calculate the ratio.

Q: How is standalone selling price defined?

A: Performance Obligation: Performance obligation refers to the obligation that the seller to provide…

Q: Profit volume ratio is used for the calculation of: Select one: O a. Profit at given sales O b.…

A: The profit volume ratio is also known as contribution margin ratio.

Q: P/V Ratio is an indicator of [A] the rate at which goods are sold [B] the volume of sales [C] the…

A: P/V ratio also known as profit volume ratio is a ratio that determines the amount of profit attained…

Q: What do you understand by rate of markup on cost and rate of markup on selling price, illustrate…

A: Answer: Mark-up is nothing but the difference between a good or service’s selling price and its…

Q: Define return on sales ( or profit margin).

A: Financial ratios represent the accounting ratios computed by the management by using elements of…

Q: Calculate the profitability ratio which includes gross profit margin, operating profit margin, net…

A: Profitability Ratio: It measures the ability of company to generate profit from its operations or…

Q: Mark up can be calculated by the formula; a. Markup = Cost + Expenses b. Markup = Cost + Profit c.…

A: Markup refers to the difference between the selling price of a good or service and its cost

Q: DIRECTION: COMPLETE THE FOLLOWING TABLE SELLING PRICE , COST, MARKUP, MARK-UP BASED ON SELLING…

A: Mark up refers to the difference between the selling price and cost price of the goods and services…

Q: pute the following requirer a. Gross profit rate b. Operating profit margi C. Net profit margin rate…

A: Thank you for posting questions. Since you have posted multiple questions, as per the guideline I am…

Q: Which of the following is the correct calculation of rate of mark-up on selling price? a.…

A: Rate of Markup on Selling Price:-Sales price minus the unit cost that divides that number of unit…

Q: Calculate Gross profit ratio

A: Gross Profit is the difference between Sales Revenue and Cost of Goods Sold.  Gross Profit = Sales…

Q: As inventoriable costs expire, they become a. sales b. cost of goods sold c. operating expenses d.…

A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…

Q: How to calculate gross margin and gross sales

A: Sales means the amount recorded in books as revenue earned by selling the goods or services. Account…

Q: Complete the following table by filling in the missing amounts: Mark-up on Cost Price Profit Selling…

A: In the context of the given question, we should consider the table to compute the missing amounts in…

Q: WHAT IS THE TOTAL SELLING AND DISTRIBUTION EXPENSES

A: Selling and distribution expenses includes all the expenses incurred for making a sale and providing…

Q: Which of the following would calculate Net Income or Net Loss? O Gross Profit - Operating Expenses O…

A: Net income is calculated as the Sales-Cost of goods sold-Operating expense Where Gross profit is…

Q: Markup is: Group of answer choices Selling price - cost Selling price divided by cost Selling price…

A: Markup is the difference between the cost price per unit and the selling price per unit.  Markup…

Q: What is the preferred order of reconciliation? cost, sales, income O income, cost, sales sales,…

A: Income is defines as total costs of the project deducted from total sales from the project.

Q: how is the selling price computed

A: Formula: Selling price=Cost100%-Gross profit ratio

Q: I need exampel on: Price - to -earning ratio Price book ratio Price to cash flow ratio

A: Price Earnings Ratio: It is the connection between an organization's price of stock and the EPS…

Q: The equation for Gross Profit is "Gross Profit = Revenues - Cost of Goods." Which of the following…

A: Gross income is direct income of a business generated from direct revenues of the company. It is an…

Q: current cost financial statements: a. General price level gains or losses are recognized b. Amounts…

A: Explanation: The financial accountiing term current cost accountiing refers to an approach that…

Q: 1. Prepare an income statement using the a. Net realizable value method b. Reversal cost method

A: Net realizable value refers to the value which is realized upon the sale of assets minus cost…

Q: How to calculate cost of sales

A: Introduction: Ending Inventory: The unsold inventory for the period is called Ending Inventory.…

Q: alculate the following from the additional information given G Gross profit H Net profit

A: We need to compute gross and net profit of the firm.

Q: Selling expenses are subtrac

A: True.

Q: The COGS is estimated by deducting the gross profit from sales revenue. Distinguish between gross…

A: Gross profit is calculated by deducting the cost of goods sold from the sales. The percentage of…

Q: Sales revenue min a. gross margin income from c b. C. cost of goods d. net sales

A: The question is based on the concept of Financial Accounting. As per the Bartleby guidelines we are…

Q: et cost = Selling price - ______________. a. Cost b. Profit margin c. Revenue d. Expenses

A: Solution: Target cost = Selling price - profit margin. This is because target cost is the estimated…

Q: Cost-to-retail ratio under the cost method is calculated: O A. After markdowns (net) and before…

A: Cost to Retail Ratio Inventory valuation is of the biggest task for every business.  Firm to take…

Q: Which of these expressions is correct? (A Profit plus operating expenses = sales B all of these are…

A: The gross profit is calculated as difference between sales and cost of goods sold.  The net income…

Q: total net revenue

A: Statement of comprehensive income is a part of financial statements which shows the net income from…

Q: Question 2: It is usually seems as cost accounting cover the financial accounting problems as:…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: gross profit

A: We  can find cost of Good sold  by preparing Trading Account Also we can find Gross profit of the…

Q: What is the difference between gross profit method & the retail method?

A: Gross Profit Method:-This method estimates the value of inventory by applying historical gross…

Q: Define Selling profit.

A: Net income: Net income is the excess amount of revenue that arises after deducting all the expenses…

Manufacturing Costs

Manufacturing cost is the total cost of procuring or producing a product. In other words, the manufacturing cost is the cost that an individual or business owner undertakes for the manufacturing of goods.