For the month of August, Pink Nights generated sales of $400,053. The company’s variable cost of...
For the month of August, Pink Nights generated sales of $400,053. The company’s variable cost of goods sold for the month totaled $170,300, including variable overhead of $25,600. Total overhead for the month was $56,200. The company also incurred variable selling and administrative costs of $12,521 and fixed selling and administrative costs of $45,000.
- Calculate the manufacturing margin.
- Calculate the contribution margin.
- Calculate the income from operations.
Homework Answers
|
Income statement |
|
|
Revenues |
$ 4,00,053.00 |
|
Variable cost of goods sold |
$ 1,70,300.00 |
|
Manufacturing margin |
$ 2,29,753.00 |
|
Variable selling and administrative expenses |
$ 12,521.00 |
|
Contribution margin |
$ 2,17,232.00 |
|
Less: Fixed Production overheads |
$ 30,600.00 |
|
Less: Fixed Selling and Administrative cost |
$ 45,000.00 |
|
Income from operation |
$ 1,41,632.00 |
Answers
Calculate the manufacturing margin.= $ 229,753
Calculate the contribution margin.= $ 217,232
Calculate the income from operations.= $ 141,632
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