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kicyunya [14]
2 years ago
14

FIllmore Company began operations on Sept. 1 by purchasing $4,400 of inventory and $750 of cleaning supplies. During the month,

the company generated $6,000 of sales revenue. On Sept. 30, the company had $1,800 of inventory remaining, along with $550 of cleaning supplies. What was FIllmore Company's gross profit for the month of September?
Business
1 answer:
jarptica [38.1K]2 years ago
5 0

Answer: $3,400

Explanation:

Gross Profit = Sales revenue - Cost of Goods sold

Cost of good sold = Opening stock + Purchases of inventory - Closing stock of inventory

= 0 + 4,400 - 1,800

= $2,600

Gross Profit = 6,000 - 2,600

= $3,400

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Iggie took a university teaching job as an assistant professor in 1974 at a salary of $10,000. By 2003, she had been promoted to
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$36,000

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2 years ago
At the present time, demand for each of the company's products far exceeds its capacity to produce them. Thus, management is try
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Explanation:

                                                       Android Bio-Mutant Cyclops

Direct labor per unit                                       48         24             60

Divide by Direct labor rate                       12         12             12

Direct labor hours per unit                        4           2               5

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Selling price                                            100         77              125

Less: Variable costs    

Direct labor                                              48          24                60

Direct materials                                       9           8                16

Variable overhead                                        7           4                  9

Total Variable costs                                       64           36                 85

Unit Contribution margin                               36           41                 40

Divide by Direct labor hours per unit         4            2                  5

Contribution margin per labor hour               9.00          20.50        8.00

<em>As shown in the above estimates, producing Bio-mutant is much more lucrative</em>

<em>Total contribution margin 20500 =1000 * 20.5</em>

4 0
3 years ago
Minor violations may be granted upwards of _______ days for correction.
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Read 2 more answers
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