Polarix | |||||||
Income statement | |||||||
1) | Sales | 646,000 | |||||
less:Variable expenses | |||||||
Variable cost of goods sold | 311,100 | ||||||
Variable selling expenses | 45900 | ||||||
Variable administrative expenses | 23800 | ||||||
total variable expenses | 380,800 | ||||||
Contribution margin | 265,200 | ||||||
less:Fixed expenses | |||||||
Fixed selling expenses | 89100 | ||||||
Fixed administrative expenses | 35700 | ||||||
Total fixed expenses | 124800 | ||||||
Net income (loss) | 140,400 | ||||||
2) | Contribution margin per ATV | 1560 | |||||
Sales | 646,000 | ||||||
divide by selling price per unit | 3,800 | ||||||
units sold | 170 | ||||||
Variable selling expense per unit | 270 | ||||||
Exercise 06-8 Contribution margin format income statement LO P2 Polarix is a retailer of ATVs (all-terrain...
Exercise 19-8 Contribution margin format income statement LO P2 Polarix is a retailer of ATVS (all-terrain vehicles) and accessories. An income statement for its Consumer ATV Department for the current year follows. ATVS sell for $3,600 each. Variable selling expenses are $230 per ATV. The remaining selling expenses are fixed. Administrative expenses are 60 % variable and 40 % fixed. The company does not manufacture its own ATVS; it purchases them from a supplier for $1,880 each. POLARIX Income Statement-Consumer...
Exercise 19-8 Contribution margin format income statement LO P2 Polarix is a retailer of ATVs (all-terrain vehicles) and accessories. An income statement for its Consumer ATV Department for the current year follows. ATVs sell for $4,000 each. Variable selling expenses are $220 per ATV. The remaining selling expenses are fixed. Administrative expenses are 10% variable and 90% fixed. The company does not manufacture its own ATVs; it purchases them from a supplier for $1,850 each. POLARIX Income Statement—Consumer ATV Department...
Exercise 19-8 Contribution margin format income statement LO P2 Polarix Is a retailer of ATVs (all-terrain vehicles) and accessories. An Income statement for its Consumer ATV Department for the ent year follows. ATVs sell for $4,000 each. Variable selling expenses are $320 per ATV. The remaining selling expenses are fix Administrative expenses are 70% variable and 30% fixed. The company does not manufacture its own ATVs, It purchases them from a supplier for $1,920 each. POLARIX Income Statement-Consumer ATV Department...
Exercise 19-8 Contribution margin format income statement LO P2 Polarix is a retailer of ATVs (all-terrain vehicles) and accessories. An income statement for its Consumer ATV Department for the current year follows. ATVs sell for $4,000 each. Variable selling expenses are $260 per ATV. The remaining selling expenses are fixed. Administrative expenses are 50% variable and 50% fixed. The company does not manufacture its own ATVs; it purchases them from a supplier for $1,860 each. POLARIX Income Statement Consumer ATV...
Saved Help Save & Exit Sub Check my work Exercise 19-8 Contribution margin format income statement LO P2 Polarix is a retailer of ATVs (all-terrain vehicles) and accessories. An income statement for its Consumer ATV Department for the current year follows. ATVs sell for $3,800 each. Variable selling expenses are $270 per ATV. The remaining selling expenses are fixed. Administrative expenses are 40% variable and 60% fixed. The company does not manufacture its own ATVs; it purchases them from a...
Polarix is a retailer of ATVs (all-terrain vehicles) and accessories. An income statement for its Consumer ATV Department for the current year follows. ATVs sell for $4,000 each. Variable selling expenses are $220 per ATV. The remaining selling expenses are fixed. Administrative expenses are 50% variable and 50% fixed. The company does not manufacture its own ATVs, it purchases them from a supplier for $1,830 each. POLARIX Income Statement-Consumer ATV Department For Year Ended December 31 Sales $676,000 Cost of...
Polarix is a retailer of ATVs (all-terrain vehicles) and accessories. An income statement for its Consumer ATV Department for the current year follows. ATVs sell for $3,800 each. Variable selling expenses are $220 per ATV. The remaining selling expenses are fixed Administrative expenses are 10% variable and 906 fixed. The company does not manufacture its own Aris it purchases them from a supplier for $1,830 each. Tncome Statement-Consumer ATV Department Sales Cost of goods sold Gross margin Operating expenses $634,600...
Polarix is a retailer of ATVs (all-terrain vehicles) and accessories. An income statement for its Consumer ATV Department for the current year follows. ATVs sell for $3,800 each. Variable selling expenses are $310 per ATV. The remaining selling expenses are fixed. Administrative expenses are 50% variable and 50% fixed. The company does not manufacture its own ATVs; it purchases them from a supplier for $1,860 each. POLARIX Income Statement-Consumer ATV Department For Year Ended December 31, 2017 Sales $619,400 Cost...
Polarix is a retailer of ATVs (all-terrain vehicles) and accessories. An income statement for its Consumer ATV Department for the current year follows. ATVs sell for $3,800 each. Variable selling expenses are $300 per ATV. The remaining selling expenses are fixed. Administrative expenses are 60% variable and 40% fixed. The company does not manufacture its own ATVs; it purchases them from a supplier for $1,850 each. POLARIX Income Statement-Consumer ATV Department For Year Ended December 31 Sales $615,600 Cost of...
Polarix is a retailer of ATVs (all-terrain vehicles) and accessories. An income statement for its Consumer ATV Department for the current year follows. ATVs sell for $3,400 each. Variable selling expenses are $270 per ATV. The remaining selling expenses are fixed. Administrative expenses are 40% variable and 60% fixed. The company does not manufacture its own ATVs; it purchases them from a supplier for $1,860 each. POLARIX Income Statement—Consumer ATV Department For Year Ended December 31 Sales $ 618,800 Cost...