Homework Answers
Answer : $253,700
Gross Margin = Sales - Cost of Goods Sold
Gross Margin = 442,800 -189,100 = $253,700 (Answer)
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Calip Corporation, a merchandising company, reported the following results for October: Sales Cost of goods sold...
Bolka Corporation, a merchandising company, reported the following results for October Sales Cost of goods sold...
Bolka Corporation, a merchandising company, reported the following results for October Sales Cost of goods sold (all variable) Total variable selling expense Total fixed selling expense Total variable administrative expense Total fixed administrative expense ta ta ta ta ta ta $ 477,000 $ 176,000 19,900 24,000 10,400 36,800 The gross margin for October is: The gross margin for October is: Multiple Choice $270,700 o $301,000 $209,900 $416,200
Calip Corporation, a merchandising company, reported the following results for October Sales Cost of goods sold...
Calip Corporation, a merchandising company, reported the following results for October Sales Cost of goods sold (all variable) Total variable selling expense Total fixed selling expense Total variable administrative expense Total fixed administrative expense $428.800 $ 182,100 $ 18,400 $_15,500 $ 8.900 $ 81,400 The contribution margin for October is: O $354,600 O $219,400 O $246.700 O $172,500
Bolka Corporation, a merchandising company, reported the following results for October: Book Sales Cost of goods...
Bolka Corporation, a merchandising company, reported the following results for October: Book Sales Cost of goods sold (all variable) Total variable selling expense Total fixed selling expense Total variable administrative expense Total fixed administrative expense $ 467,000 $ 173,200 $ 19,500 $ 17,500 $ 10,100 $ 34,000 The gross margin for October is: Multiple Choice O $264.200 O $293,800 ) < Prev 4 of 5 !! Next >
Bolka Corporation, a merchandising company, reported the following results for October: Sales $ 500,000 Cost of...
Bolka Corporation, a merchandising company, reported the following results for October: Sales $ 500,000 Cost of goods sold (all variable) $ 170,700 Total variable selling expense $ 24,600 Total fixed selling expense $ 21,500 Total variable administrative expense $ 10,000 Total fixed administrative expense $ 34,900 The gross margin for October is: Multiple Choice $294,700 $329,300 $238,300 $443,600
Bolka Corporation, a merchandising company, reported the following results for October: Sales $ 427,000 Cost of...
Bolka Corporation, a merchandising company, reported the following results for October: Sales $ 427,000 Cost of goods sold (all variable) $ 173,400 Total variable selling expense $ 21,200 Total fixed selling expense $ 18,900 Total variable administrative expense $ 9,600 Total fixed administrative expense $ 36,300 The gross margin for October is: Multiple Choice $371,800 $253,600 $222,800 $167,600
Bolka Corporation, a merchandising company, reported the following results for October - Sales Cost of goods...
Bolka Corporation, a merchandising company, reported the following results for October - Sales Cost of goods sold (all variable) Total variable selling expense Total fixed selling expense Total variable administrative expense Total fixed administrative expense A ta ta ta ta ta $ 453,000 $ 169,700 21,400 17,600 10,700 32,100 The contribution margin for October is: The contribution margin for October is: Multiple Choice $251,200 $201,800 $283,300 $201,500
Delongis Corporation, a merchandising company, reported the following results for June: Number of units sold $...
Delongis Corporation, a merchandising company, reported the following results for June: Number of units sold $ 1,200 units Selling price per unit $ 221 per unit Unit cost of goods sold $ 97 per unit Variable selling expense per unit $ 12 per unit Total fixed selling expense $ 7,300 Variable administrative expense per unit $ 8 per unit Total fixed administrative expense $ 15,300 Cost of goods sold is a variable cost in this company. The contribution margin for...
Fanlo Corporation, a merchandising company, reported the following results for July: Cost of goods sold is...
Fanlo Corporation, a merchandising company, reported the
following results for July:
Cost of goods sold is a variable cost in this company.
a) Prepare a tradtional format income statement for July
b) Prepare a contribution format income statement for
July
*Fanelli
Fanelli Corporation, a merchandising company, reported the following results for July: Number of units sold Selling price per unit Unit cost of goods sold Variable selling expense per unit Total fixed selling expense Variable administrative expense per unit Total...
Fanelli Corporation, a merchandising company, reported the following results for July: Number of units sold 5,800...
Fanelli Corporation, a merchandising company, reported the following results for July: Number of units sold 5,800 Selling price per unit $ 590 Unit cost of goods sold $ 410 Variable selling expense per unit $ 66 Total fixed selling expense $ 125,300 Variable administrative expense per unit $ 22 Total fixed administrative expense $ 207,200 Cost of goods sold is a variable cost in this company. Required: b. Prepare a contribution format income statement for July.
LUUU D) $56,000 4. Fanelli Corporation, a merchandising company, reported the following results for July: Number...
LUUU D) $56,000 4. Fanelli Corporation, a merchandising company, reported the following results for July: Number of units sold 5,300 Selling price per unit $590 Unit cost of goods sold $403 Variable selling expense per unit $58 Total fixed selling expense $124,400 Variable administrative expense per unit $22 Total fixed administrative expense $206,300 Cost of goods sold is a variable cost in this company. Required: What is the contribution margin for Fanelli Corporation. Show work OSW DELL % * 7...
Bolka Corporation, a merchandising company, reported the following results for October Sales Cost of goods sold (all variable) Total variable selling expense Total fixed selling expense Total variable administrative expense Total fixed administrative expense ta ta ta ta ta ta $ 477,000 $ 176,000 19,900 24,000 10,400 36,800 The gross margin for October is: The gross margin for October is: Multiple Choice $270,700 o $301,000 $209,900 $416,200
Calip Corporation, a merchandising company, reported the following results for October Sales Cost of goods sold (all variable) Total variable selling expense Total fixed selling expense Total variable administrative expense Total fixed administrative expense $428.800 $ 182,100 $ 18,400 $_15,500 $ 8.900 $ 81,400 The contribution margin for October is: O $354,600 O $219,400 O $246.700 O $172,500
Bolka Corporation, a merchandising company, reported the following results for October: Book Sales Cost of goods sold (all variable) Total variable selling expense Total fixed selling expense Total variable administrative expense Total fixed administrative expense $ 467,000 $ 173,200 $ 19,500 $ 17,500 $ 10,100 $ 34,000 The gross margin for October is: Multiple Choice O $264.200 O $293,800 ) < Prev 4 of 5 !! Next >
Bolka Corporation, a merchandising company, reported the following results for October - Sales Cost of goods sold (all variable) Total variable selling expense Total fixed selling expense Total variable administrative expense Total fixed administrative expense A ta ta ta ta ta $ 453,000 $ 169,700 21,400 17,600 10,700 32,100 The contribution margin for October is: The contribution margin for October is: Multiple Choice $251,200 $201,800 $283,300 $201,500
Fanlo Corporation, a merchandising company, reported the
following results for July:
Cost of goods sold is a variable cost in this company.
a) Prepare a tradtional format income statement for July
b) Prepare a contribution format income statement for
July
*Fanelli
Fanelli Corporation, a merchandising company, reported the following results for July: Number of units sold Selling price per unit Unit cost of goods sold Variable selling expense per unit Total fixed selling expense Variable administrative expense per unit Total...
LUUU D) $56,000 4. Fanelli Corporation, a merchandising company, reported the following results for July: Number of units sold 5,300 Selling price per unit $590 Unit cost of goods sold $403 Variable selling expense per unit $58 Total fixed selling expense $124,400 Variable administrative expense per unit $22 Total fixed administrative expense $206,300 Cost of goods sold is a variable cost in this company. Required: What is the contribution margin for Fanelli Corporation. Show work OSW DELL % * 7...
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