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Determine the profit contribution of this product

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Reference no: EM131815932

Income Statement (Financial Accounting)

Determine the profit contribution of this product to the company's Income Statement using the data below and the data from Learning Module Six.

Show your answers to THREE decimal places.

The Selling Price of one full box of 28 Leather Belts is $176.40 per box.

Revenue per Leather Belt = Selling Price per box divided by 28 =

Total Cost per Belt = $6.106

Profit per Leather Belt = Revenue per Belt - Total Cost per Belt =

Total Annual Revenue = Profit per Belt x 15,000 Belts per week x 50 weeks =

Reference no: EM131815932

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