Prepare contribution margin income statement

Assignment Help Corporate Finance

Reference no: EM1348629

Gross Margin and Contribution Margin Income Statements

Tosca Beverages Reports the following information for July:

Units produced and sold 18,800.00
Per unit revenue and costs:
Sales revenue $3.20
Direct material costs 0.20
Direct labor costs 0.16
Variable manufacturing overhead 0.06
Fixed manufacturing overhead based
on a volume of 18,000 unites 0.92
Variable marketing and administrative costs 0.48
Fixed marketing and administrative costs
based on a volume of 18,000 unites 1.00

Required:

Prepare:

A. A gross margin income statement

B. A contribution margin income statement

Reference no: EM1348629

Questions Cloud

Decision making influences : What are the most important concepts you have learned from these topics and how will these concepts impact you personally and professionally?

What was the tension in the string : A tobagan with a mass of 15kg is being pulled with an applied force of 45N at an angle of 40 degrees to the horizontal. What is the acceleration if the force of friction opposing the motion is 28N.

Role of mental health professionals : There are different ways people handle socio-cultural influences regarding addiction. I agree that a child will either follow the path of their parent's influence or go the opposite direction.

Comments on managerial issues and problems : What is your view on the following statements:

Prepare contribution margin income statement : Gross Margin and Contribution Margin Income Statements Tosca Beverages Reports the following information for July: Prepare contribution margin income statement

Analyzing the effects of four alternative inventory methods : Analyzing the Effects of Four Alternative Inventory Methods in a Periodic Inventory System, Compute the amount of goods available for sale, ending inventory, and cost of goods sold at January 31, 2009, under each of the following inventory costing ..

Question about employee performance : Evaluating employee performance is extremely important, and most employers have timelines and standard practices for completing this component.

Illustrate what is the effect of this policy on the interest : Illustrate what is the effect of this policy on the interest rate in the long run.

Cash conversion cycle-working capital management : What is the significance to working capital management of matching sales and production? What is the significance to working capital management of matching payables with receivables?

User Account

All Pages