Alexis Co. reported the following information for May: Part A Units sold 6,600 units Selling price...
Alexis Co. reported the following information for May: Part A Units sold 6,600 units Selling price per unit $ 960 Variable manufacturing cost per unit 600 Sales commission per unit - Part A 96
What is the manufacturing margin for Part A?
Homework Answers
| Amount $ | ||
| Sales Revenue | 6,336,000 | =960*6600 |
| Less: Variable manufacturing Cost | 3,960,000 | =600*6600 |
| Manufacturing margin for Part A | 2,376,000 | |
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Alexis Co. reported the following information for May: Part A
Units sold 6,600 units Selling price...
Alexis Co. reported the following information for May: Part A Units sold Selling price per unit...
Alexis Co. reported the following information for May: Part A Units sold Selling price per unit Variable manufacturing cost per unit Sales commission per unit Part A 5,200 units 828 What is the manulacturing margin for Part A? Multiple Choice $1,508,000 $3,837600
Todrick Company is a merchandiser that reported the following information based on 1,000 units sold: Sales...
Todrick Company is a merchandiser that reported the following
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Sales
$
465,000
Beginning merchandise inventory
$
31,000
Purchases
$
310,000
Ending merchandise inventory
$
15,500
Fixed selling expense
$
?
Fixed administrative expense
$
18,600
Variable selling expense
$
23,250
Variable administrative expense
$
?
Contribution margin
$
93,000
Net operating income
$
27,900
Prepare a contribution format income statement.
Prepare a traditional format income statement.
Calculate the selling price per unit, the variable...
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Todrick Company is a merchandiser that reported the following information based on 1,000 units sold: points $ $ $ $ 345,000 23,000 230,000 11,500 A A eBook Sales Beginning merchandise inventory Purchases Ending merchandise inventory Fixed selling expense Fixed administrative expense Variable selling expense Variable administrative expense Contribution margin Net operating income A $ 13,800 17,250 Print References $ 69,000 20,700 Required: 1. Prepare a...
Cherokee Inc. is a merchandiser that provided the following information: Number of units sold Selling price...
Cherokee Inc. is a merchandiser that provided the following information: Number of units sold Selling price per unit Variable selling expense per unit Variable administrative expense per unit Total fixed selling expense Total fixed administrative expense Beginning merchandise inventory Ending merchandise inventory Merchandise purchases Amount 10,000 $ 17 $ 2 $ 3 $21,000 $14,000 $10,000 $23,000 $88,000 Required: 1. Prepare a traditional income statement. 2. Prepare a contribution format income statement. Prepare a traditional income statement. Cherokee, Inc. Traditional Income...
Todrick Company is a merchandiser that reported the following information based on 1,000 units sold: $...
Todrick Company is a merchandiser that reported the following information based on 1,000 units sold: $ 210,000 $ 14,000 $ 140,000 $ 7,000 Մ Sales Beginning merchandise inventory Purchases Ending merchandise inventory Fixed selling expense Fixed administrative expense Variable selling expense Variable administrative expense Contribution margin Net operating income Մ 8,400 10,500 Մ Մ Մ 42,000 12,600 ՄՌ Required: 1. Prepare a contribution format income statement. 2. Prepare a traditional format income statement. 3. Calculate the selling price per unit....
Todrick Company is a merchandiser that reported the following information based on 1,000 units sold: Sales...
Todrick Company is a merchandiser that reported the following information based on 1,000 units sold: Sales $ 315,000 Beginning merchandise inventory $ 21,000 Purchases $ 210,000 Ending merchandise inventory $ 10,500 Fixed selling expense $ ? Fixed administrative expense $ 12,600 Variable selling expense $ 15,750 Variable administrative expense $ ? Contribution margin $ 63,000 Net operating income $ 18,900 Required: 1. Prepare a contribution format income statement. 2. Prepare a traditional format income statement. 3. Calculate the selling price...
Todrick Company is a merchandiser that reported the following information based on 1,000 units sold: Sales...
Todrick Company is a merchandiser that reported the following information based on 1,000 units sold: Sales 330,000 Beginning merchandise inventory 22,000 purchases 220,000 Ending merchandise inventory 11,000 Fixed administrative expense ? Fixed administrative expense 13,200 Variable selling expense 16,500 Variable administrative expense ? Contribution margin 66,000 Net operating Income 19,800 1. Prepare a contribution format income statement. 2. Prepare a traditional format income statement. 3. Calculate the selling price per unit. 4. Calculate the variable cost per unit. 5. Calculate...
Assume the following information for a company that produced 10,000 units and sold 9,000 units during...
Assume the following information for a company that produced 10,000 units and sold 9,000 units during its first year of operations: Per Year Selling price Direct materials Direct labor Variable manufacturing overhead Sales commission Fixed manufacturing overhead Per Unit $200 $ 65 $ 50 $ 8 $ 8 $300,000 Using variable costing, what is the company's contribution margin? Multiple Choice $495,000 $423,000 < Prey 6 of 10 Next > Sa Fixed manufacturing overhead Using variable costing, what is the company's...
Cherokee Inc. is a merchandiser that provided the following information: Number of units sold Selling price...
Cherokee Inc. is a merchandiser that provided the following information: Number of units sold Selling price per unit Variable selling expense per unit Variable administrative expense per unit Total fixed selling expense Total fixed administrative expense Beginning merchandise inventory Ending merchandise inventory Merchandise purchases 13,000 S 17.00 2.00 $1.00 $19,000 $ 16,000 S 8,000 $ 25,000 $88,000 Required: 1. Prepare a traditional income statement CHEROKEE, INC. Traditional Income Statement Sales Cost of goods sold Gross margin Selling and administrative expenses...
Todrick Company is a merchandiser that reported the following information based on 1,000 units sold: $...
Todrick Company is a merchandiser that reported the following
information based on 1,000 units sold:
$ 210,000 $ 14,000 $ 140,000 $ 7,000 Sales Beginning merchandise inventory Purchases Ending merchandise inventory Fixed selling expense Fixed administrative expense Variable selling expense Variable administrative expense Contribution margin Net operating income $ 8,400 $ 10,500 $ 42,000 $ 12,600 Required: 1. Prepare a contribution format income statement. 2. Prepare a traditional format income statement. 3. Calculate the selling price per unit. 4. Calculate...
Alexis Co. reported the following information for May: Part A Units sold Selling price per unit Variable manufacturing cost per unit Sales commission per unit Part A 5,200 units 828 What is the manulacturing margin for Part A? Multiple Choice $1,508,000 $3,837600
Todrick Company is a merchandiser that reported the following
information based on 1,000 units sold:
Sales
$
465,000
Beginning merchandise inventory
$
31,000
Purchases
$
310,000
Ending merchandise inventory
$
15,500
Fixed selling expense
$
?
Fixed administrative expense
$
18,600
Variable selling expense
$
23,250
Variable administrative expense
$
?
Contribution margin
$
93,000
Net operating income
$
27,900
Prepare a contribution format income statement.
Prepare a traditional format income statement.
Calculate the selling price per unit, the variable...
Todrick Company is a merchandiser that reported the following
information based on 1,000 units sold:
Todrick Company is a merchandiser that reported the following information based on 1,000 units sold: points $ $ $ $ 345,000 23,000 230,000 11,500 A A eBook Sales Beginning merchandise inventory Purchases Ending merchandise inventory Fixed selling expense Fixed administrative expense Variable selling expense Variable administrative expense Contribution margin Net operating income A $ 13,800 17,250 Print References $ 69,000 20,700 Required: 1. Prepare a...
Cherokee Inc. is a merchandiser that provided the following information: Number of units sold Selling price per unit Variable selling expense per unit Variable administrative expense per unit Total fixed selling expense Total fixed administrative expense Beginning merchandise inventory Ending merchandise inventory Merchandise purchases Amount 10,000 $ 17 $ 2 $ 3 $21,000 $14,000 $10,000 $23,000 $88,000 Required: 1. Prepare a traditional income statement. 2. Prepare a contribution format income statement. Prepare a traditional income statement. Cherokee, Inc. Traditional Income...
Todrick Company is a merchandiser that reported the following information based on 1,000 units sold: $ 210,000 $ 14,000 $ 140,000 $ 7,000 Մ Sales Beginning merchandise inventory Purchases Ending merchandise inventory Fixed selling expense Fixed administrative expense Variable selling expense Variable administrative expense Contribution margin Net operating income Մ 8,400 10,500 Մ Մ Մ 42,000 12,600 ՄՌ Required: 1. Prepare a contribution format income statement. 2. Prepare a traditional format income statement. 3. Calculate the selling price per unit....
Assume the following information for a company that produced 10,000 units and sold 9,000 units during its first year of operations: Per Year Selling price Direct materials Direct labor Variable manufacturing overhead Sales commission Fixed manufacturing overhead Per Unit $200 $ 65 $ 50 $ 8 $ 8 $300,000 Using variable costing, what is the company's contribution margin? Multiple Choice $495,000 $423,000 < Prey 6 of 10 Next > Sa Fixed manufacturing overhead Using variable costing, what is the company's...
Cherokee Inc. is a merchandiser that provided the following information: Number of units sold Selling price per unit Variable selling expense per unit Variable administrative expense per unit Total fixed selling expense Total fixed administrative expense Beginning merchandise inventory Ending merchandise inventory Merchandise purchases 13,000 S 17.00 2.00 $1.00 $19,000 $ 16,000 S 8,000 $ 25,000 $88,000 Required: 1. Prepare a traditional income statement CHEROKEE, INC. Traditional Income Statement Sales Cost of goods sold Gross margin Selling and administrative expenses...
Todrick Company is a merchandiser that reported the following
information based on 1,000 units sold:
$ 210,000 $ 14,000 $ 140,000 $ 7,000 Sales Beginning merchandise inventory Purchases Ending merchandise inventory Fixed selling expense Fixed administrative expense Variable selling expense Variable administrative expense Contribution margin Net operating income $ 8,400 $ 10,500 $ 42,000 $ 12,600 Required: 1. Prepare a contribution format income statement. 2. Prepare a traditional format income statement. 3. Calculate the selling price per unit. 4. Calculate...
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