Homework Answers
| Revenues | 518551 |
| Less: Variable expenses | |
| Cost of goods sold | 81906 |
| Period expenses | 30000 |
| Total Variable expenses | 111906 |
| Total Contribution margin | 406645 |
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Question 1 2 pts Let's try another version of Example #6 in the example packet. Suppose...
Suppose Revenues are $529,123 Cost of Goods sold, representing the cost of products sold, is made...
Suppose Revenues are $529,123 Cost of Goods sold, representing the cost of products sold, is made up of $50,050 of fixed costs and $82,465 of variable costs. Period expenses (sales, marketing and administrative expenses) are made up of $30000 of variable costs and $50000 in fixed costs. Prepare a contribution margin income statement. What is Total Contribution Margin that would appear on the statement?
Suppose Revenues are $535,024 Cost of Goods sold, representing the cost of products sold, is made...
Suppose Revenues are $535,024 Cost of Goods sold, representing the cost of products sold, is made up of $60,897 of fixed costs and $84,201 of variable costs. Period expenses (sales, marketing and administrative expenses) are made up of $30000 of variable costs and $50000 in fixed costs. Prepare a contribution margin income statement. What is Total Contribution Margin that would appear on the statement?
Sook Calculator me following data were adapted from a recent income statement of The Procter &...
Sook Calculator me following data were adapted from a recent income statement of The Procter & Gamble (in millions) Sales $65,058 Operating costs: Cost of products sold $(32,535) Marketing, administrative, and other expenses (18,568) Total operating costs $(51,103) Operating income $13,955 Assume that the variable amount of each category of operating costs is as follows: (in millions) Cost of products sold $19,500 Marketing, administrative, and other expenses 14,000 a. Based on the data given, prepare a variable costing income statement...
The following data are from the accounting records of Niles Castings for year 2: Units produced...
The following data are from the accounting records of Niles Castings for year 2: Units produced and sold 84,000 Total revenues and costs Sales revenue $ 280,000 Direct materials costs 65,000 Direct labor costs 32,000 Variable manufacturing overhead 16,000 Fixed manufacturing overhead 48,000 Variable marketing and administrative costs 14,500 Fixed marketing and administrative costs 39,000 a. Prepare a gross margin income statement sales revenue variable manufacturing costs fixed manufacturing costs gross margin fixed marketing and administrative costs variable marketing and...
omheducation.com 2 and 3) Exercise 2-54 (Algo) Gross Margin and Contribution Margin Income Statem The following...
omheducation.com 2 and 3) Exercise 2-54 (Algo) Gross Margin and Contribution Margin Income Statem The following data are from the accounting records of Niles Castings for year 2 87,009 Units produced and sold Total revenues and costs Sales revenue Direct materials costs Direct labor costs Variable manufacturing overhead Fixed manufacturing overhead Variable marketing and administrative costs Fixed marketing and administrative costs $ 270,000 60,000 32,eee 11,000 43,000 16,500 36,000 ok ences Required: a. Prepare a gross margin income statement. b....
This is financial income statement(traditional) Please show all steps formula and calculation on how to convert...
This is financial income statement(traditional) Please show all
steps formula and calculation on how to convert this income
statement into Contribution Income Statement( CVP analysis).
this is example. but i want to know the steps and calculation on
how to make contribution income statement based on financial income
statement. thank you!
Innovative Products, Inc. Income Statement For Year Ending December 31, 2012 $50,00,000 Sales Cost of Goods Sold Materials Labor Overhead 8,00,000 11,00,000 6,00,000 25,00,000 $25,00,000 Gross Margin Operating Expenses...
CALCULATOR PRINTER VERSION BACK NE Problem 5-3A (Video) Sheridan Company bottles and distributes B-Lite, a diet...
CALCULATOR PRINTER VERSION BACK NE Problem 5-3A (Video) Sheridan Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 60 cents per 16-ounce bottle to retailers, who charge customers 75 cents per bottle. For the year 2020, management estimates the following revenues and costs. Sales $1,980,000 Seling experses variable $79,000 Direct materials 500,000 Selling experses-feed 56,000 Direct labor 380,000 Administrative expenses variable 27,000 Manufacturing overhead-variable 400,000 Administrative expenses-fored 179,500 Manufacturing overhead-fixed 210,000 Prepare a CVP Income...
The following data are from the accounting records of Niles Castings for year 2: 86,000 Units...
The following data are from the accounting records of Niles Castings for year 2: 86,000 Units produced and sold Total revenues and costs Sales revenue Direct materials costs Direct labor costs Variable manufacturing overhead Fixed manufacturing overhead Variable marketing and administrative costs Fixed marketing and administrative costs $ 320,000 64,000 34,000 11,000 48,000 17,000 31,000 Required: a. Prepare a gross margin income statement. Gross Margin Income Statement b. Prepare a contribution margin income statement Contribution Margin Income Statement MacBoo
The following data are from the accounting records of Niles Castings for year 2: 88,000 Units...
The following data are from the accounting records of Niles Castings for year 2: 88,000 Units produced and sold Total revenues and costs Sales revenue Direct materials costs Direct labor costs Variable manufacturing overhead Fixed manufacturing overhead Variable marketing and administrative costs Fixed marketing and administrative costs $ 270,000 61,000 38,000 10,000 42,000 14,500 34,000 Required: a. Prepare a gross margin income statement. Gross Margin Income Statement b. Prepare a contribution margin income statement Contribution Margin Income Statement
Question 1: Question 2: Required information [The following information applies to the questions displayed below.) Madrid...
Question 1:
Question 2:
Required information [The following information applies to the questions displayed below.) Madrid Corporation has compiled the following information from the accounting system for the one product it sells. $ 630 per unit $ 140,400 $ 164,700 Sales price Fixed costs (for the month) Marketing and administrative Manufacturing overhead Variable costs (per unit) Marketing and administrative Direct materials Manufacturing overhead Direct labor Units produced and sold (for the month) $ 26 $ 180 $ 26 110 2,700...
Sook Calculator me following data were adapted from a recent income statement of The Procter & Gamble (in millions) Sales $65,058 Operating costs: Cost of products sold $(32,535) Marketing, administrative, and other expenses (18,568) Total operating costs $(51,103) Operating income $13,955 Assume that the variable amount of each category of operating costs is as follows: (in millions) Cost of products sold $19,500 Marketing, administrative, and other expenses 14,000 a. Based on the data given, prepare a variable costing income statement...
omheducation.com 2 and 3) Exercise 2-54 (Algo) Gross Margin and Contribution Margin Income Statem The following data are from the accounting records of Niles Castings for year 2 87,009 Units produced and sold Total revenues and costs Sales revenue Direct materials costs Direct labor costs Variable manufacturing overhead Fixed manufacturing overhead Variable marketing and administrative costs Fixed marketing and administrative costs $ 270,000 60,000 32,eee 11,000 43,000 16,500 36,000 ok ences Required: a. Prepare a gross margin income statement. b....
This is financial income statement(traditional) Please show all
steps formula and calculation on how to convert this income
statement into Contribution Income Statement( CVP analysis).
this is example. but i want to know the steps and calculation on
how to make contribution income statement based on financial income
statement. thank you!
Innovative Products, Inc. Income Statement For Year Ending December 31, 2012 $50,00,000 Sales Cost of Goods Sold Materials Labor Overhead 8,00,000 11,00,000 6,00,000 25,00,000 $25,00,000 Gross Margin Operating Expenses...
CALCULATOR PRINTER VERSION BACK NE Problem 5-3A (Video) Sheridan Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 60 cents per 16-ounce bottle to retailers, who charge customers 75 cents per bottle. For the year 2020, management estimates the following revenues and costs. Sales $1,980,000 Seling experses variable $79,000 Direct materials 500,000 Selling experses-feed 56,000 Direct labor 380,000 Administrative expenses variable 27,000 Manufacturing overhead-variable 400,000 Administrative expenses-fored 179,500 Manufacturing overhead-fixed 210,000 Prepare a CVP Income...
The following data are from the accounting records of Niles Castings for year 2: 86,000 Units produced and sold Total revenues and costs Sales revenue Direct materials costs Direct labor costs Variable manufacturing overhead Fixed manufacturing overhead Variable marketing and administrative costs Fixed marketing and administrative costs $ 320,000 64,000 34,000 11,000 48,000 17,000 31,000 Required: a. Prepare a gross margin income statement. Gross Margin Income Statement b. Prepare a contribution margin income statement Contribution Margin Income Statement MacBoo
The following data are from the accounting records of Niles Castings for year 2: 88,000 Units produced and sold Total revenues and costs Sales revenue Direct materials costs Direct labor costs Variable manufacturing overhead Fixed manufacturing overhead Variable marketing and administrative costs Fixed marketing and administrative costs $ 270,000 61,000 38,000 10,000 42,000 14,500 34,000 Required: a. Prepare a gross margin income statement. Gross Margin Income Statement b. Prepare a contribution margin income statement Contribution Margin Income Statement
Question 1:
Question 2:
Required information [The following information applies to the questions displayed below.) Madrid Corporation has compiled the following information from the accounting system for the one product it sells. $ 630 per unit $ 140,400 $ 164,700 Sales price Fixed costs (for the month) Marketing and administrative Manufacturing overhead Variable costs (per unit) Marketing and administrative Direct materials Manufacturing overhead Direct labor Units produced and sold (for the month) $ 26 $ 180 $ 26 110 2,700...
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