Using the Following Information,calculate for 2013 (A)net Sales,(b)cost of Goods

question 5

Essay

Using the following information,calculate for 2013 (a)net sales,(b)cost of goods sold,(c)gross margin,and (d)net income before taxes.

---

Definitions:

CVP Analysis

Cost-Volume-Profit Analysis, a tool that helps managers understand the relationship between cost, volume, and profit by identifying the break-even point or targeted profit output.

Breakeven Chart

A graphical representation that shows when total cost and total revenue are expected to be equal, indicating no net loss or gain.

Cost-Volume-Profit

Analysis that examines the effects of changes in costs and volume on a company's profit.

High-Low Method

An accounting technique used to estimate the fixed and variable costs associated with producing goods or services by analyzing the highest and lowest levels of activity.