Swiss chocolate manufacturing company

Reference no: EM13940290

The following costs and revenue pertain to the Swiss Chocolate Manufacturing Company, a U.S. producer of chocolate bars, for July 2015.
Swiss Chocolate Manufacturing Company
Jun-15
Jul-15
Raw materials inventory
$ 77,000
$ 91,000
Work-in-process inventory
$ 73,500
$ 70,000
Finished goods inventory
$ 63,000
$ 80,500
Purchases of raw materials
$ 262,500
Direct manufacturing labor
$ 87,500
Indirect manufacturing labor
$ 52,500
Factory insurance
$ 31,500
Depreciation - machinery and factory
$ 38,500
Repairs and maintenance - factory
$ 14,000
Selling, marketing and distribution expenses
$ 40,000
General and administrative expenses
$ 60,000
Revenues
$ 1,050,000
Requirements:

Complete the cost of goods manufactured statement for Swiss Chocolate for July 2015.
Complete the income statement for Swiss Chocolate (assume that the company incurs no interest financing costs and has a tax rate of 30%).
Compute Swiss Chocolate's gross profit margin and net profit margin for July 2015. Recall that the gross profit margin percentage = gross profit margin/revenue, and net profit margin = net profit margin/revenue.
Swiss Chocolate's closest publicly held competitor has a gross margin percentage of 50% and a net profit margin of 15%. Compare Swiss Chocolate's performance for July 2015 to that of its competitor. What do you note regarding relative production cost and relative period costs in this comparison? Which company appeared to have performed better? Explain your answer.
Your paper should meet the following requirements:
3-4 pages in length including calculations
Format according to the CSU-Global Guide to Writing and APA Requirements
Include at least three outside sources

Reference no: EM13940290

Questions Cloud

The famous y s chang restaurant is open 24 hours a day : The famous Y. S. Chang Restaurant is open 24 hours a day. Waiters and busboys report for duty at 3 A.M., 7 A.M., 11 A.M., 3 P.M., 7 P.M., or 11 P.M., and each works an8-hour shift. The following table shows the minimum number of workers needed during..

Moral responsibilities does a corporation have : What social and moral responsibilities does a corporation have?

What type of evidence might expect to find in these areas : Using the two crime scene sketches provided for the interior and the exterior, how would you begin to write a proposal for how the crime scene should be searched?

What is the maximum initial cost the company : Scanlin, Inc., is considering a project that will result in initial aftertax cash savings of $1.84 million at the end of the first year, and these savings will grow at a rate of 1 percent per year indefinitely. What is the maximum initial cost the co..

Swiss chocolate manufacturing company : The following costs and revenue pertain to the Swiss Chocolate Manufacturing Company, a U.S. producer of chocolate bars, for July 2015.Swiss Chocolate Manufacturing Company

Explain the background of the organisation : The Project Charter should explain the background of the organisation where this project will be carried out, the objectives of the project and the importance of this project to the organisation.

Calculate the cost of equity using the sml method : Berta Industries stock has a beta of 1.25. The company just paid a dividend of $0.40, and the dividends are expected to grow at 5 percent. The expected return on the market is 12 percent, and Treasury bills are yielding 6.1 percent. The most recent s..

Application of data analysis within an organisation : Compute this new variable and, for each store, please draw appropriate charts. Then determine 2-sided 95% confidence intervals for the mean of the Gather Rate for each store and compare.

Debt with a yield to maturity : ABC Company has debt with a yield to maturity of 7%, a cost of common stock of 13%, and a cost of preferred stock 9%. The market values of its debt, preferred stock, and common stock are $10 millions. $3 millions, and $15 million, respectively, and i..

User Account

All Pages