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Compute the gross margin or gross profit

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Reference no: EM133025762

Question - CompuDesk,Inc., makes an oak desk specially designed for personal computers. The desk sells for $1,000. Data for last year's operations follow:

Sales (1,000 units) $1,000,000

Direct materials used 400,000

Direct labor 200,000

Variable manufacturing overhead 150,000

Fixed selling and administrative costs 50,000

Variable selling and administrative 70,000

Fixed manufacturing overhead 100,000

Required -

1. Compute the total manufacturing cost of goods sold?

2. Compute the contribution margin?

3. Compute the gross margin or gross profit?

4. Compute the operating income or loss?

5. What is the company's break-even point in number of units sold?

6. What is the company's break-even point in $ sales?

Reference no: EM133025762

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