Gomez Company Makes Three Types of Products What Is the Gross Profit Margin for All Three Products

question 76

Multiple Choice

Gomez Company makes three types of products.The company has two types of customers.The cost to serve all customers is $12,000 and is allocated to customer types based on the number of manager visits to customer locations.The following data are available:
$\begin{array}{llll}&\text { Product } 1&\text { Product } 2&\text { Product } 3\\\text { Sales } & \$ 5,000 & \$ 6,000 & \$ 30,000 \\\text { Cost of goods sold } & \underline{4,000} & \underline{4,800} & \underline{15,000} \\\text { Gross margin }&\$1,000&\$1,200&\$15,000\end{array}$
$\begin{array}{lll}&\text { Customer type } 1&\text { Customer type } 2\\\text { Product } 1 \text { Sales } & \$ 500 & \$ 4,500 \\\text { Product 2 Sales } & \$ 1,000 & \$ 5,000 \\\text { Product 3 Sales } & \$ 16,000 & \$ 14,000 \\\text { Manager visits } & 4 & 16\end{array}$
What is the gross profit margin for all three products for Customer Type 1?

• A) $8,000
• B) $8,200
• C) $8,250
• D) $8,300

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Definitions:

Dendrite Growth

The process by which dendrites, the branching extensions of neurons, expand to increase the capacity for forming connections with other neurons.

Synapse Formation

The process by which neurons form synapses with each other, enabling communication through neurotransmitter release and receptor binding.

Specialization

The process by which cells, organisms, or individuals become adapted to perform a specific function or to thrive in a particular environment.

Radial Glial Cells

Specialized cells in the brain and spinal cord that serve as scaffolds for migrating neurons during development.