According to the textbook, what data would you need to calculate a company’s gross margin?

a. Total annual sales

b. Manufacturing costs

c. R&D expenses

d. SG&A

e. All of the above

f. a, b and c

g. a and b only

Treble Inc. planned and manufactured 250,000 units of its single product in 2013, its first year of operations. Variable manufacturing costs wer $30 per unit of production. Planned and actual fixed manufacturing costs were $600,000. Martketing and administrative costs (all fixed) were $300,000 in 2013. Treble Inc. sold 200,000 units of product in 2013 at $60 per unit.

Sales for 2013 are calculated to be:

A. 1,000,000

B. 5,000,000

C. 7.500.000

D. 10,000,000

E. 12,000,000

Full costing operating income for 2013 is calculated to be:

A. 4,000,000

B. 4,200,000

C. 5,100,000

D. 5,220,000

E. 5,300,000

Have you or someone you know ever received something via the mail or by some other means that you did not order? What did you do with it? According to the textbook, did you handle it properly?