Gross Profit Calculation for Blue Skies Inc.

What is the company's current gross profit percentage?

If Procedure 2 costs $10,000 in direct materials, what would Procedure 1's direct materials cost be assuming it costs twice as much?

How much is the company's target gross profit assuming monthly sales revenue of $600,000?

If Procedure 1's direct labor cost is $50,000, what would be the total cost of production for Procedure 1 based on the given cost makeup percentages?

What would be the total cost of production for Procedure 2 if overhead costs are $9,000?

In the new initiative to produce goods in-house instead of buying from wholesale suppliers, what is the main reason for the strategic change?

Blue Skies Inc. is a retail gardening company aiming to increase gross profit from 25% to ______%

The cost makeup of Procedure 1 is 40% direct labor, 45% direct materials, and 15% ______

Procedure 1 costs twice as much as Procedure ______

The company's actual labor cost for Procedure 1 is ______

For Procedure 2, the cost makeup is 60% direct labor, 30% direct materials, and 10% ______

The company's current monthly sales revenue is $______