Question

Chapters Costa Analysis and Us PROBLEML Tradicional de Contribution Format Income Statement |L03) Haki Shapin is a tale of hands. The company sed the information shown below for the quarter. May Antoint Selling price per surfboard Variable selling expense and Variable administrative per around Teised singepee SUDO 400 50 20 150,000 120UNO 80,000 100.000 320,00 Merchandise intory, beplanning balance Merchandise mentary ending balance Merchandise purchases Rewind 1. Preparate income for the water ended May 31 2. Prepare stribution formaticament for the queended My 31. What was the contribution towarded expenses and profits for each surfboard soddi quarter this figures a single doll

Answer 1

Answer requirements as follows: D 6A|A|A 8,00,000 3.00.000 5,00,000 4,10,000 90,000 A B с 1 1 Traditional Income Statement 2 Sales 3 Cost of goods sold $ 4 Gross margin $ 5 Selling and administrative expenses: 6 Selling $ 2,50,000 7 Administrative $ 1,60,000 8 $ 9 Net Income $ 10 11 2 Contribution Format Income Statement 12 Sales $ 13 Variable Expenses: 14 Manufacturing $ 3,00,000 15 Selling $ 1,00,000 16 Administrative $ 40,000 17 Contribution margin 18 Fixed Expenses 19 Selling $ 1,50,000 20 Administrative $ 1,20,000 $ 21 22 Net income $ 8,00,000 $ 3,60,000 2,70,000 90,000 23 24 3 Contribution toward fixed expenses and profits = $180 per surfboard 25 360000/(800000/400)

Calculations: 4 8 A B с D 1 1 Traditional Income Statement 2 Sales 800000 3 Cost of goods sold =80000+320000-100000 4 Gross margin =D2-D3 5 Selling and administrative expenses: 6 Selling =(D2/400*50)+150000 7 Administrative =(D2/400*20)+120000 8 =C6+C7 9 Net Income =D4-D8 10 11 2 Contribution Format Income Statement 12 Sales 800000 13 Variable Expenses: 14 Manufacturing 300000 15 Selling =(800000/400*50) 16 Administrative =(800000/400*20) 17 Contribution margin =D12-C14-C15-C16 18 Fixed Expenses 19 Selling 150000 20 Administrative 120000 =C19+C20 21 22 Net income =D17-D20 23 24 3 Contribution toward fixed expenses and profits = $180 per surfboard 360000/(800000/400) 25