Contribution income statement up to operating income

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Reference no: EM1314934

Contribution Income Statement up to operating income

Straightforward Contribution Income Statement

Yoko Ltd. had the following data (in millions of yen) for a given period:

Sales ¥870

Direct materials 290

Direct labor 140

Variable factory overhead 60

Variable selling and administrative expenses 100

Fixed factory overhead 120

Fixed selling and administrative expenses 45

There was no beginning or ending inventories. Compute the (a) variable manufacturing cost of Goods sold (b) contribution margin, and (c) operating income.

Reference no: EM1314934

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