Outsourcing	%	Manufacturing	%
	Sales Revenue	$ 6,875,000	100.00%	$ 6,875,000	100.00%
	Cost of Goods Sold	$ 4,812,500	70.00%	$ 3,437,500	50.00%
	Gross Profit	$ 2,062,500	30.00%	$ 3,437,500	50.00%
	SG&A Expense:
	Advertising Expense	$ 687,500	10.00%	$ 687,500	10.00%
	Sales Commission	$ 343,750	5.00%	$ 343,750	5.00%
	Salaries and wages expense	$ 481,250	7.00%	$ 481,250	7.00%
	Depreciation Expense	$ 23,900	0.35%	$ 23,900	0.35%
	Insurance Expense	$ 25,000	0.36%	$ 25,000	0.36%
	Rent Expense	$ 24,000	0.35%	$ 24,000	0.35%
	Utilities Expense	$ 14,500	0.21%	$ 14,500	0.21%
	Total SG&A Expense	$ 1,599,900	23.27%	$ 1,599,900	23.27%
	Operating Income (EBIT)	$ 462,600	6.73%	$ 1,837,600	26.73%

cost of raw materials

90 CT-student-Template - Ence - Aurine File Home X Cut x Comments Insert Page Layout Formula Data REVICH Sign in Share Autum - 47 View 0 Peto tih Copy Hep Tell me what you want to do Carnaval - Normal Menge 2 Conter - t. - % * Conditions formats Check Cell Formatting Table Number Bad Good Explomucory...Input Neutral CHI Cakulation Note B - iu. 2..A Format Painter = U = Intet Delete Format Insert Clear Fil - Select III K L M N O P Q R S T U V W X - TASK #1 UNIT COST AND FLOW DIRECTIONS: Complete the sections in yellow. Assume that direct material is 40% of the product cost, direct laboris 50% of the product cost, and manufacturing overhead is 10% of the product cost. Assume that 30 units of raw materials were acquired, 28 units were put into production (100% complete as to materials, 50% complete as to conversion), 27 units were finished, and 25 units were sold during the year. Unit Cost Information Flow of Manufacturing Costs Raw Materials Work In Process Finished Goods Per Unit 25 nits Details 75 units $137.500 DM, 40% DL, 50% Applied MOH, 10% Total Applied MOH 17 Directions for cells above: BS - B7X40 14 Directions for cells above: DS-B8/25 Cell M9 -9 127 units completed). There were25 units sold during the year. The 25 units are solu during the year. Assume that 30 units worth of raw materials are purchased during the year Assume 28 units worth of raw materials are reyuisitioned to WIP during the year. Cell 18:- H8. Cell J9 - 127 XD91+0.5 x D9), Cell J10 is the same format as 9. the 28 units are 100% complete as to materials. the one unit lelt in process is 50% complete as to conversion. The 27 units are complete (CDGM). HINT: the uncing balance in the account will match the ending balance on the balance sheet for the year. HINT: the uncing balance in the account will match the ending balance on the balance sheet for the year. HINT: the ending balance in the account will match the ending balance on the balance sheet for the year. HINT: the uncing balance in the account will match the ending balance on the Income statement for the Name and tie Challenge Task 115 Task 1 us Task 01 Unit Cost and Flow - A 444 + 1005 143 PM 9720105 Type here to search 90 CT-student-Template - Ence - Aurine File Home X Cut x Comments Insert Page Layout Formula Data REVICH Sign in Share Autum - 47 View 0 Peto tih Copy Hep Tell me what you want to do Carnaval - Normal Menge 2 Conter - t. - % * Conditions formats Check Cell Formatting Table Number Bad Good Explomucory...Input Neutral CHI Cakulation Note B - iu. 2..A Format Painter = U = Intet Delete Format Insert Clear Fil - Select III K L M N O P Q R S T U V W X - TASK #1 UNIT COST AND FLOW DIRECTIONS: Complete the sections in yellow. Assume that direct material is 40% of the product cost, direct laboris 50% of the product cost, and manufacturing overhead is 10% of the product cost. Assume that 30 units of raw materials were acquired, 28 units were put into production (100% complete as to materials, 50% complete as to conversion), 27 units were finished, and 25 units were sold during the year. Unit Cost Information Flow of Manufacturing Costs Raw Materials Work In Process Finished Goods Per Unit 25 nits Details 75 units $137.500 DM, 40% DL, 50% Applied MOH, 10% Total Applied MOH 17 Directions for cells above: BS - B7X40 14 Directions for cells above: DS-B8/25 Cell M9 -9 127 units completed). There were25 units sold during the year. The 25 units are solu during the year. Assume that 30 units worth of raw materials are purchased during the year Assume 28 units worth of raw materials are reyuisitioned to WIP during the year. Cell 18:- H8. Cell J9 - 127 XD91+0.5 x D9), Cell J10 is the same format as 9. the 28 units are 100% complete as to materials. the one unit lelt in process is 50% complete as to conversion. The 27 units are complete (CDGM). HINT: the uncing balance in the account will match the ending balance on the balance sheet for the year. HINT: the uncing balance in the account will match the ending balance on the balance sheet for the year. HINT: the ending balance in the account will match the ending balance on the balance sheet for the year. HINT: the uncing balance in the account will match the ending balance on the Income statement for the Name and tie Challenge Task 115 Task 1 us Task 01 Unit Cost and Flow - A 444 + 1005 143 PM 9720105 Type here to search