Nelvana Company makes tablets. During the year, Nelvana manufactured and sold 75,000 tablets at a sales price of $600 per unit. Nelvana's per-unit product cost was $540, and selling and administrative expenses totalled $3,200,000.
Required:
A. Calculate the total sales revenue.
B. Calculate the gross margin.
C. Calculate the operating income.
D. Calculate the operating income if 75,000 tablets were produced and 69,000 were sold.

Question

Quizplus · Accepted Answer

The Answer of Nelvana Company makes tablets. During the year, Nelvana manufactured and sold 75,000 tablets at a sales price of $600 per unit. Nelvana's per-unit product cost was $540, and selling and administrative expenses totalled $3,200,000.
Required:
A. Calculate the total sales revenue.
B. Calculate the gross margin.
C. Calculate the operating income.
D. Calculate the operating income if 75,000 tablets were produced and 69,000 were sold.

Nelvana Company Makes Tablets