Question
Table 2. Income statement Sales Dollars % of Sales Complete Feed $1,129,137 43.36 Concentrate Feed $637,732 24.49 Comm Grade Fert $326,341 12.53 Custom Blend Fert
Table 2. Income statement
| Sales | Dollars | % of Sales |
| Complete Feed | $1,129,137 | 43.36 |
| Concentrate Feed | $637,732 | 24.49 |
| Comm Grade Fert | $326,341 | 12.53 |
| Custom Blend Fert | $510,977 | 19.62 |
| Total | $ | % |
|
|
|
|
| COGS |
|
|
| Complete Feed | $864,735 |
|
| Concentrate Feed | $515,004 |
|
| Comm Grade Fert | $ |
|
| Custom Blend Fert | $220,272 |
|
| Total | $1,939,767 | 74.49 |
|
|
|
|
| Gross Margin |
|
|
| Complete Feed | $264,402 |
|
| Concentrate Feed | $122,728 |
|
| Comm Grade Fert | $106,069 |
|
| Custom Blend Fert | $ |
|
| Total | $664,420 | % |
|
|
|
|
| Operating Expenses |
|
|
| Storage FC | $22,150 | % |
| Storage VC | $163,691 | 6.29 |
| Storage Rental | $2,478 | 0.10 |
| Truck FC | $40,250 | % |
| Truck VC | $91,666 | 3.52 |
| Truck Rental | $4,662 | 0.18 |
| Managers Salary | $50,000 | % |
| Labor | $197,000 | % |
| Overtime | $38,975 | 1.50 |
| Bad Debt Loss | $4,518 | 0.17 |
| Advertising | $4,000 | % |
| Other Expenses | $19,276 | 0.74 |
| Total Expenses | $638,664 | % |
|
|
|
|
| Net Operating Profit | $25,756 | 0.99 |
|
|
|
|
| Other Income | $900 | 0.03 |
| Interest Expense | $26,528 | % |
|
|
|
|
| Pre-Tax Profit | $ | 0.00 |
What is the pre-tax profit for this firm?
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Fundamentals Of Cost Accounting
Authors: T.R.Sikka
7th Edition
8130918706, 978-8130918709
