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Need help with my Business question - I’m studying for my class.
Golden Star Winery produces midlevel wines consumed primarily in North America. Given below is the projected income statement for the company for 2011.
Projected Income Statement (2011) Sales (100,000 cases at $7 per case)$700,000 Cost of goods sold: Materials$180,000 Labor$225,000 Fixed manufacturing expenses$45,000 Administrative and selling expenses: Delivery$30,000 Commissions$50,000 Advertising$10,000 Travel$5,000 Fixed administrative and selling expenses$15,000 Total expenses$560,000 Net income before taxes$140,000Create a report answering the following questions:
Price | Quantity | Total Revenue | Total Variable Cost | Total Fixed Cost | Total Cost | Profit |
$8.00 | 65,000 | |||||
$7.75 | 75,000 | |||||
$7.50 | 80,000 | |||||
$7.25 | 90,000 | |||||
$7.00 | 100,000 | |||||
$6.75 | 115,000 | |||||
$6.50 | 120,000 |
Create your report in a 2- to 3-page Word document.
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