Prepare contribution format income statements for april

Assignment Help Cost Accounting

Reference no: EM13169032

Topper Sports, Inc. produces high quality sports equipment. The company's Racket Division manufactures three tennis rackets- the Student, the Deluxe, and the Pro- that are widely used in amateur day. Selected information on the rackets is given below:

Standard

Selling Price per racket: $43.00

Variable Expenses per racket:

Production: $17.20

Selling (5% of selling price): $2.15

Deluxe

Selling Price per Racket: $62.00

Variable Expenses Per Racket:

Production: $21.70

Selling (5% of selling price): $3.10

Pro

Selling Price per Racket: $87.00

Variable Expenses per Racket:

Production: $26.10

Selling (5% of selling price): $4.35

All sales are made through the company's own retail outlets. The Racket Division has the following fixed costs:

Per Month

Fixed Production Costs: $107,000

Advertising Expense: $108,000

Administrative Salaries: $52,000

Total: $267,000

Sales, in units, over the past two months have been as follows:

Standard (April): 4,000

Deluxe (April): 3,000

Pro (April): 7,000

Total (April): 14,000

Standard (May): 11,000

Deluxe (May): 3,000

Pro (May): 6,000

Total (May): 20,000

a. Prepare contribution format income statements for April. (Round the "Total percent" answers to one decimal place. Input all amounts as positive values except losses which should be indicated by minus sign. Omit the "$" and "%" signs in your response).

Reference no: EM13169032

Questions Cloud

What is the entropy change for melting the ice : ice melts at 273.15K with delta H fusion = 6.01 kJ/mol. if the ice mass is 13.8 kg in a swimming pool whose temperature is held at 22.5 degree Celsius. What is the entropy change for melting the ice?

What volume will it occupy at stp : A gas sample occupies a volume of 20cm^3 at 40 degree Celsius and at a pressure of 1.60atm. What volume will it occupy at STP?

State a compound contains only carbon hydrogen : A compound contains only carbon, hydrogen, nitrogen and oxygen. Combustion of 0.314 g of the compound produced 0.426 g CO2, and 0.0620 g H2O.

What is entropy change for the pool : If Ice melts at 273.15K with delta H fusion equaling 6.01kJ/ mol. An ice cube whose mass is 13.8 kg is dropped in a swimming pool whose temperature is held at 22.5 degrees Celsius.

Prepare contribution format income statements for april : Prepare contribution format income statements for April. (Round the "Total percent" answers to one decimal place. Input all amounts as positive values except losses which should be indicated by minus sign. Omit the "$" and "%" signs in your respon..

Explain the closing entry process : Based on this information prepare a Balance Sheet, Income Statement and Statement of Retained Earnings.

How much current is produced by the dissolution : how much current is produced by the dissolution of .525 g of chromium per hour to produce chromium (III)?

How much glucose is needed to prepare : Caculations of Glucose. How much glucose is needed to prepare 100.g of a 33% glucose solution 3.5g at glucose 96.3g of H2o

Would the laboratory break even on the equipment : How many autoimmunity tests per year will have to be performed on the array machine to break even and given the present volume of tests, would there be an annual net contribution and, if so, how much?

User Account

All Pages