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kap26 [50]
3 years ago
9

Calamata Corporation processes a single material into three separate products A, B, and C. During September, the joint costs of

processing were $300,000. Production and sales value information for the month were as follows: Product Units Produced Final Sales Value per Unit Separate Costs A 10,000 $25 $125,000 B 15,000 $30 $250,000 C 12,500 $24 $125,000 What is the constant gross margin percentage for Calamata
Business
1 answer:
Elena-2011 [213]3 years ago
8 0

Answer:

20%

Explanation:

Gross profit is the net of sales and cost of sales. Gross Profit percentage is the ratio of gross profit to sales expressed as percentage.

Product Units Produced Final Sales Value per Unit Separate Costs

   A             10,000                    $25                                  $125,000

   B             15,000                    $30                                  $250,000

   C            <u> 12,500 </u>                  <u> $24 </u>                                <u> $125,000</u>

Total           37,500                                                            $500,000

Sales Value

A (10,000 x $25)      $250,000

B (15,000 x $30)      $450,000

C (12,500 x $24)      <u>$300,000</u>

Total Sales Value                       $1,000,000

Less

Joint Cost                                  ($300,000)

Separable cost                         <u>($500,000)</u>

Gross Profit                               $200,000

Gross Profit Percentage = ( $200,000 / $1,000,000 ) x 100 = 20%

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