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Question
The following cost data pertain to the operations of Left-hand Department Stores, Inc., for the month of December.
Corporate legal office salaries
$74,000
Shoe Department cost of sales, Brentwood Store
$35,000
Corporate headquarters building lease
$78,000
Store manager's salary Brentwood Store
$14,000
Shoe Department sales commissions, Brentwood Store
$5,000
Store utilities, Brentwood Store
Shoe Department manager's salary, Brentwood Store
$3,000
Central warehouse lease cost
$10,000
Janitorial costs, Brentwood Store
$8,000
The Brentwood Store is just one of many stores owned and operated by the company. The Shoe Department is one of many departments at the Brentwood Store. The central warehouse serves all of the company's stores.
What is the total amount of the costs listed above that are not direct costs of the Brentwood Store?
The following data (in thousands of dollars) have been taken from the accounting records of Karlana Corporation for the just-completed year.
Sales
$910
Raw materials, inventory, beginning
$80
Raw materials, inventory, ending
$20
Purchases of raw materials
$100
Direct labor
$130
Manufacturing overhead
$200
Administrative expenses
$160
Selling expenses
$140
Work in process inventory, beginning
$40
Work in process inventory, ending
$10
Finished goods inventory, beginning
Finished goods inventory, ending
$150
The cost of goods manufactured (finished) for the year (in thousands of dollars) was
The cost of the raw materials used in production during the year (in thousands of dollars) was
Describe cost-volume-profit analysis, including the explanation of the calculation and components. In what three ways can the contribution margin be useful in cost-volume-profit analysis?
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