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Problem - 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.
The master manufacturing overhead budget for the month based on normal productive capacity of 15,000 direct labor hours (7,500 units) shows total variable costs of $90,000 ($6 per labor hour) and total fixed costs of $45,000 ($3 per labor hour). N..
conan companys monthly activity level ranged from a low of 17000 units in may to a high of 26000 units in october.
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