Prepare a contribution margin format income statement

Assignment Help Accounting Basics

Reference no: EM13125510

The Greenville Goober Company produces and sells two products. Revenue and cost information by product for the current year is as follows:

Product A Product B
Selling price per product $10 $20
Variable expenses per product 4 15
Traceable fixed expenses per year 110,000 35,000

Annual common fixed expenses for the company totals $100,000. During the year Greenville Goober sold 35,000 units of Product A and 20,000 units of Product B.

Prepare a contribution margin format income statement for the year by product and provide the segment margin for Product A and the segment margin for Product B.

Reference no: EM13125510

Questions Cloud

What is the concentration of acetone : In a solution of acetone and ethanol, the mole fraction of acetone is 0.40. What is the concentration of acetone as a mass percent?

Invest in marketable securities : The XYZ Corporation has $1000,000 which it plans to invest in marketable securities. The corporation is choosing between the following three equally risky securities

Create the journal entry to record the transaction : Create the journal entry to record the transaction and the interest expense at the end of the first year.

Change of basis-eigenvectors : For the problem, refer to the linear transformation T: R^3 --> R^3 given by T(x) = T(x, y, z) = (2x + 2z, x - y + z, 2x + 2z). Write the change of basis matrix K from the basis F of R^3 which consists of the eigenvectors

Prepare a contribution margin format income statement : Annual common fixed expenses for the company totals $100,000. During the year Greenville Goober sold 35,000 units of Product A and 20,000 units of Product B.

Find the weight percent copper in the salt : Find the weight percent copper in the salt. Would you help me to sort out this question? A 3.026 gram portion of Cu(II) salt was dissolved in a 250 ml volumetric flask. A 25.0mL

Compute the amount of fixed manufacturing overhead : Compute the amount of fixed manufacturing overhead that will be included in ending inventory under full costing and reconcile it to the difference between incomes computed under variable and full costing.

How many grams of nh3 are produced : Mg3N2 + 6H2O ----> 3Mg(OH)2 + 2NH3 When 36.0g of H2O react, how many grams of NH3 are produced?

Compute probability of receiving four calls in five minutes : Compute the probability of receiving four calls in a five-minute interval of time. Compute the probability of receiving more than 10 calls in a five-minute interval of time.

User Account

All Pages