How to Calculate Profit Margin
Apple's net sales for the quarter ending June 27, 2020, were $59.7 billion, and its cost of sales was $37 billion for the period. Apple's gross profit margin for the quarter was 38%,…
Fixed Overhead Standard Cost and Variances
The standard fixed overhead applied to units exceeding the budgeted quantity represent cost saved because units were essentially produced at no additional fixed overhead. The result is a lower actual…
Quote to Cash Process Diagram
While each team has a specific role or function within the process, all departments must work together for the process to be seamless. If you have ever been involved in…