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Prepare a contribution margin format income statement; answer what-if questions Shown here is an income statement in the traditional format for a firm with a sales volume of 10,000 units. Cost formulas also are shown: Revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $50,000 Cost of goods sold ($9,000 ? $2.60/unit) . . . . . . . . . . . . . . . . . . . . . . . . . . 35,000 Gross pro? t . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $15,000 Operating expenses: Selling ($2,300 ? $.1 5/unit) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,800 Administration ($4,700 ? $.25/unit) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,200 Operating income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $4,000 Required: a. Prepare an income statement in the contribution margin format. b. Calculate the contribution margin per unit and the contribution margin ratio.
On May 31, the inventory balances of Tog Designs, a manufacturer of high quality children's clothing, were as follows: Materials Inventory, $21,360; Work in Process Inventory
bird leasing inc. leased equipment to george corporation on jan 1 2013. the terms of the lease are as follows. the lase
shown below are responsibility income statements for roberts inc. for the month of march. investment centers roberts
a state highway department is planning the construction of a 50 mile four lane toll road. it estimates that the
Len Mast earned $3,900 for the last two weeks. He is married, is paid biweekly, and claims 3 exemptions. What is Len's income tax? Use the percentage method.
which one of the following is a true statement about incremental analysis?it is another name for capital budgeting.it
pib partnership is owned 20 by shore 40 by steve and 40 by thann. burnham inc. is owned 70 by pib partnership 10 by
a company produces bird food. during april itproduced147 batches of food each batch weighing 100 lbs. toproduce this
You are asked to make a depreciation schedule for a business asset. A depreciation schedule shows the remaining value of the asset at the end of each time period. Create a depreciation schedule for each of the following
norton company reports the following operating results for the month of august sales 310000 units 5000 variable costs
If he sells the pubs abd then leases them back would you expect Lion Nathan to change how it accounts for the depreciation of he building?
How is this information useful to you from a managerial perspective? Explain your reasoning and support your conclusions with the numbers you have pulled out for the comparison above.
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