What is gross profit+ materials consumed ?
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Gross profit is the profit a business makes after subtracting all the costs that are related to manufacturing and selling its products or services. According to the IRS, gross profit is equal to total receipts or sales minus the value of returned goods and the cost of goods sold. You can calculate gross profit by deducting the cost of goods sold (COGS) from your total sales.
material consumed calculation :
The bill of materials (BOM) quantity is 1, and the production quantity is 110. The formula for the consumption is From series (Quantity) = Consumption. Because the production quantity is 110, it falls into the "From 100 series." Therefore, the quantity is 20.
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