Cover-to-Cover Company Contribution Margin Income Statement For the Year Ended December 31 1 Sales $424,000.00 2...
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Cover-to-Cover Company |
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Contribution Margin Income Statement |
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For the Year Ended December 31 |
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1 |
Sales |
$424,000.00 |
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2 |
Variable costs: |
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|
3 |
Manufacturing |
$233,200.00 |
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|
4 |
Selling |
21,200.00 |
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5 |
Administrative |
63,600.00 |
318,000.00 |
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6 |
Contribution margin |
$106,000.00 |
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7 |
Fixed costs: |
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8 |
Manufacturing |
$5,000.00 |
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9 |
Selling |
4,000.00 |
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10 |
Administrative |
33,400.00 |
42,400.00 |
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11 |
Income from operations |
$63,600.00 |
Review the contribution margin income statements for Cover-to-Cover Company and Biblio Files Company on their respective Income Statements panels. Complete the following table from the data provided in the income statements. Each company sold 84,800 units during the year.
| Cover-to-Cover Company | Biblio Files Company | |
| Contribution margin ratio (percent) | ||
| Unit contribution margin | ||
| Break-even sales (units) | ||
| Break-even sales (dollars) |
Homework Answers
Calculate following
| Cover to cover company | |
| Contribution margin ratio | 106000/424000 = 25% |
| Unit contribution margin | 106000/84800 = 1.25 per unit |
| Break even sales (units) | 42400/1.25 = 33920 Units |
| Break even sales (dollars) | 42400/.25 = $169600 |
Note : Biblio Files Company income statement is not given
Add Answer to:
Cover-to-Cover Company
Contribution Margin Income Statement
For the Year Ended December 31
1
Sales
$424,000.00
2...
Cover-to-Cover Company Contribution Margin Income Statement For the Year Ended December 31 1 Sales $424,000.00 2...
Cover-to-Cover Company Contribution Margin Income Statement For the Year Ended December 31 1 Sales $424,000.00 2 Variable costs: 3 Manufacturing $233,200.00 4 Selling 21,200.00 5 Administrative 63,600.00 318,000.00 6 Contribution margin $106,000.00 7 Fixed costs: 8 Manufacturing $5,000.00 9 Selling 4,000.00 10 Administrative 33,400.00 42,400.00 11 Income from operations $63,600.00 Review the contribution margin The excess of sales over variable costs. income statements for Cover-to-Cover Company and Biblio Files Company on their respective Income Statements panels. Complete the following table...
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The company has compiled the following cost data, and wants your
help in determining the cost behavior. After reviewing the data,
complete requirements (1) and (2) that follow
.
2. For each cost, determine the fixed portion
of the cost, and the per-unit variable cost. If there is no amount
or an amount is zero, enter "0". Recall that, for N = Number of
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