Homework Answers
| Per Unit | |||
| Sales Revenue | $98,000 | $100 | |
| Variable expenses: | |||
| Cost of Goods Sold | $56,840 | $58 | |
| Commission Expenses | $4,900 | $5 | |
| Shipping Expenses | $2,940 | $3 | |
| Total Variable Expenses | $64,680 | $34 | |
| Contribution Margin ($100 - $34) | $33,320 | $66 | |
| Fixed Expenses: | |||
| Salaries Expenses | $7,900 | ||
| Advertising Expense | $5,800 | ||
| Total Fixed Expenses | $13,700 | ||
| Operating Income | $19,620 |
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Current Attempt in Progress - Your answer is partially correct. Restate the following income statement for...
Question 2 View Policies Current Attempt in Progress Restate the following income statement for a retailer...
Question 2 View Policies Current Attempt in Progress Restate the following income statement for a retailer in contribution format. $ 94,000 58,280 35,720 Sales revenue ($100 per unit) Less cost of goods sold ($62 per unit) Gross margin Less operating costs: Commissions expense ($7 per unit) $6,580 Salaries expense 7,800 Advertising expense 5,900 Shipping expense ($1 per unit) 940 Operating income 21,220 $ 14,500 Per Unit Touthookand Modis
Need help finding Total Variable Expense and Contribution Margin. Please explain how to find, Thank you!...
Need help finding Total Variable Expense and
Contribution Margin. Please explain how to find, Thank
you!
Restate the following income statement for a retailer in contribution format. $ 93,000 53,940 39,060 Sales revenue ($100 per unit) Less cost of goods sold ($58 per unit) Gross margin Less operating costs: Commissions expense ($7 per unit) $ 6,510 Salaries expense 7,900 Advertising expense 6,000 Shipping expense ($3 per unit) 2,790 Operating income 23,200 $ 15,860 Sales Revenue 93000 100 Variable Expenses Cost...
View Policies -15 Current Attempt in Progress Restate the following income statement for a retailer in...
View Policies -15 Current Attempt in Progress Restate the following income statement for a retailer in contribution format. $ 50,000 31,000 19.000 Sales revenue ($100 per unit) Less cost of goods sold ($62 per unit) Gross margin Less operating costs: Commissions expense ($5 per unit) $ 2,500 Salaries expense 7.900 Advertising expense 5,900 Shipping expense ($1 per unit) 500 Operating income 16,800 2,200 $ Per Unit $ $ $ o arch delete Question 3 of 5 -15 III Per Unit...
Your answer is partially correct. Crane Window Cleaners' monthly income statement at several levels of activity...
Your answer is partially correct. Crane Window Cleaners' monthly income statement at several levels of activity is as follows: Windows washed 2,000 4,000 6,000 Sales revenue $ 3,000 $ 6,000 $ 9,000 Cost of goods sold 1,200 2,400 3,600 Gross profit 1,800 3,600 5,400 Operating expenses Advertising expense 400 400 400 Salaries and wages expense 700 900 1,100 Insurance expense 200 200 200 Postage expense 400 800 1,200 Total operating expense 1,700 2,300 2,900 Operating income $ 100 $ 1,300...
Restate the following income statement for a merchandising company in contribution format. $23,040 20,160 2,880 Sales...
Restate the following income statement for a merchandising company in contribution format. $23,040 20,160 2,880 Sales ($32 per unit) Less cost of goods sold ($28 per unit) Gross margin Less operating expenses Commissions ($1.00 per unit) Salaries Operating income $720 1,020 1,740 $1,140 Sales $ 23040 Less : Variable Cost Contribution Margin V Less Fixed Cost Salaries Operating Income $
How to calculate the net operating income for both and shipping expense? Milden Company is a...
How to calculate the net operating income for both and shipping
expense?
Milden Company is a merchandiser that plans to sell 35,000 units during the next quarter at a selling price of $56 per unit. The company also gathered the following cost estimates for the next quarter: 20 points Cost Cost of good sold Advertising expense Sales commissions Shipping expense Administrative salaries Insurance expense Depreciation expense Cost Formula $26 per unit sold $183,000 per quarter 6% of sales $57,000 per...
Concord Window Cleaners' monthly income statement at several levels of activity is as follows: 2,000 4,200...
Concord Window Cleaners' monthly income statement at several levels of activity is as follows: 2,000 4,200 8,200 $ 3,900 $ 8,190 $ 15,990 1.400 2,940 5,740 2,500 5,250 10,250 Windows washed Sales revenue Cost of goods sold Gross profit Operating expenses Advertising expense Salaries and wages expense Insurance expense Postage expense Total operating expense Operating income 400 1,320 400 400 700 920 200 200 440 945 1,740 2,465 760 $ 2,785 $ 200 1,845 3,765 6,485 $ (a) Identify each...
Restate the following income statement for a retailer in contribution format. Sales revenue ($100 per unit)...
Restate the following income statement for a retailer in contribution format. Sales revenue ($100 per unit) $ 64,000 Less cost of goods sold ($62 per unit) 39,680 Gross margin 24,320 Less operating costs: Commissions expense ($7 per unit) $ 4,480 Salaries expense 7,900 Advertising expense 6,000 Shipping expense ($2 per unit) 1,280 19,660 Operating income $ 4,660 Per Unit select an income statement item $enter a dollar amount $enter a dollar amount Select an opening name for section one: Select...
Arnall Ltd., a British merchandising company, is the exclusive distributor of a product that is gaining...
Arnall Ltd., a British merchandising company, is the exclusive distributor of a product that is gaining rapid market acceptance. The company's revenues and expenses (in British pounds) for the last three months are given below: Arnall Ltd Comparative Income Statements For the Three Months Ended June 30 April May June Sales in units 1,700 5,100 6,100 Sales revenue £ 323,000 129,200 £ 969,000 £1,159,000 463,600 Cost of goods sold Gross margin Selling and administrative expenses 387,600 193,800 581,400 695,400 Shipping...
Milden Company is a merchandiser that plans to sell 37,000 units during the next quarter at...
Milden Company is a merchandiser that plans to sell 37,000 units during the next quarter at a selling price of $55 per unit. The company also gathered the following cost estimates for the next quarter: Cost Cost of good sold Advertising expense Sales commissions Shipping expense Administrative salaries Insurance expense Depreciation expense Cost Formula $27 per unit sold $184,000 per quarter 5% of sales $24,000 per quarter + $5.00 per unit sold $94,000 per quarter $10,400 per quarter $64,000 per...
Question 2 View Policies Current Attempt in Progress Restate the following income statement for a retailer in contribution format. $ 94,000 58,280 35,720 Sales revenue ($100 per unit) Less cost of goods sold ($62 per unit) Gross margin Less operating costs: Commissions expense ($7 per unit) $6,580 Salaries expense 7,800 Advertising expense 5,900 Shipping expense ($1 per unit) 940 Operating income 21,220 $ 14,500 Per Unit Touthookand Modis
Need help finding Total Variable Expense and
Contribution Margin. Please explain how to find, Thank
you!
Restate the following income statement for a retailer in contribution format. $ 93,000 53,940 39,060 Sales revenue ($100 per unit) Less cost of goods sold ($58 per unit) Gross margin Less operating costs: Commissions expense ($7 per unit) $ 6,510 Salaries expense 7,900 Advertising expense 6,000 Shipping expense ($3 per unit) 2,790 Operating income 23,200 $ 15,860 Sales Revenue 93000 100 Variable Expenses Cost...
View Policies -15 Current Attempt in Progress Restate the following income statement for a retailer in contribution format. $ 50,000 31,000 19.000 Sales revenue ($100 per unit) Less cost of goods sold ($62 per unit) Gross margin Less operating costs: Commissions expense ($5 per unit) $ 2,500 Salaries expense 7.900 Advertising expense 5,900 Shipping expense ($1 per unit) 500 Operating income 16,800 2,200 $ Per Unit $ $ $ o arch delete Question 3 of 5 -15 III Per Unit...
Your answer is partially correct. Crane Window Cleaners' monthly income statement at several levels of activity is as follows: Windows washed 2,000 4,000 6,000 Sales revenue $ 3,000 $ 6,000 $ 9,000 Cost of goods sold 1,200 2,400 3,600 Gross profit 1,800 3,600 5,400 Operating expenses Advertising expense 400 400 400 Salaries and wages expense 700 900 1,100 Insurance expense 200 200 200 Postage expense 400 800 1,200 Total operating expense 1,700 2,300 2,900 Operating income $ 100 $ 1,300...
Restate the following income statement for a merchandising company in contribution format. $23,040 20,160 2,880 Sales ($32 per unit) Less cost of goods sold ($28 per unit) Gross margin Less operating expenses Commissions ($1.00 per unit) Salaries Operating income $720 1,020 1,740 $1,140 Sales $ 23040 Less : Variable Cost Contribution Margin V Less Fixed Cost Salaries Operating Income $
How to calculate the net operating income for both and shipping
expense?
Milden Company is a merchandiser that plans to sell 35,000 units during the next quarter at a selling price of $56 per unit. The company also gathered the following cost estimates for the next quarter: 20 points Cost Cost of good sold Advertising expense Sales commissions Shipping expense Administrative salaries Insurance expense Depreciation expense Cost Formula $26 per unit sold $183,000 per quarter 6% of sales $57,000 per...
Concord Window Cleaners' monthly income statement at several levels of activity is as follows: 2,000 4,200 8,200 $ 3,900 $ 8,190 $ 15,990 1.400 2,940 5,740 2,500 5,250 10,250 Windows washed Sales revenue Cost of goods sold Gross profit Operating expenses Advertising expense Salaries and wages expense Insurance expense Postage expense Total operating expense Operating income 400 1,320 400 400 700 920 200 200 440 945 1,740 2,465 760 $ 2,785 $ 200 1,845 3,765 6,485 $ (a) Identify each...
Arnall Ltd., a British merchandising company, is the exclusive distributor of a product that is gaining rapid market acceptance. The company's revenues and expenses (in British pounds) for the last three months are given below: Arnall Ltd Comparative Income Statements For the Three Months Ended June 30 April May June Sales in units 1,700 5,100 6,100 Sales revenue £ 323,000 129,200 £ 969,000 £1,159,000 463,600 Cost of goods sold Gross margin Selling and administrative expenses 387,600 193,800 581,400 695,400 Shipping...
Milden Company is a merchandiser that plans to sell 37,000 units during the next quarter at a selling price of $55 per unit. The company also gathered the following cost estimates for the next quarter: Cost Cost of good sold Advertising expense Sales commissions Shipping expense Administrative salaries Insurance expense Depreciation expense Cost Formula $27 per unit sold $184,000 per quarter 5% of sales $24,000 per quarter + $5.00 per unit sold $94,000 per quarter $10,400 per quarter $64,000 per...
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