60A company reported the following information for the production and sale of 500,000 gallons of oil:Overhead was applied based upon the following predetermined overhead rates:$0.75 per gallon$500 per batch$1,000 per ingredientWhat would be the gross profit if the company increased their selling price per gallon by $0.10? $10,000 $20,000 $50,000 $75,000

A company has sales of $107,000; cost of goods sold of $68,870; and total direct expenses of $7,420. The department’ contribution to overhead is:

The financial information of the company is as follows:Sales units: 200Price per unit: $30Fixed cost: $400Variable cost per unit: $20What would be the profit if 400 and 500 units are sold? Create a data table for the same.Options :$2,000 and $3,500$3,600 and $4,600$2,500 and $3,200$4000 and $6,500

Suppose that a firm produces 200,000 units a year and sells them all for $10 each. The explicit costs of production are $1,500,000 and the implicit costs of production are $300,000. The firm earns an accounting profit of ________ and an economic profit of ________.Multiple Choice$500,000; $200,000$500,000; $1,700,000$1,700,000; $200,000$1,700,000; $500,000

Using the information below, what would be the profit under variable costing and absorption costing, respectively?Sales $120,000Units Produced 35,000Units Sold 33,260Budgeted and actual fixed overhead cost $84,000Direct manufacturing cost $21,000Selling and administrative expenses $6,000

If sales revenue totals $84,000, selling price is $6 per unit, variable costs are $2.50 per unit and fixed costs are $48,000 per annum, the profit that will be earned is:Question 8Answera.$13,714b.$19,200c.$1,000d.$5,600