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. Compute the total sales revenue.
B. Compute the gross margin.
C. Compute the operating income.
D. Compute the operating income if 75,000 tablets were produced and 69,000 were sold.

Question

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. Compute the total sales revenue.
B. Compute the gross margin.
C. Compute the operating income.
D. Compute the operating income if 75,000 tablets were produced and 69,000 were sold.

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. Compute the total sales revenue.
B. Compute the gross margin.
C. Compute the operating income.
D. Compute the operating income if 75,000 tablets were produced and 69,000 were sold.

Nelvana Company Makes Tablets