Homework Answers
Gross profit margin is calculated by subtracting total Cost Of Goods Sold from Total Sales
In the given case Cost of goods sold (all variable expenses adjustment) = $176000
Total Sales = $ 477000
Gross margin = $ 477000 - $ 176000
= $301000.
Gross Margin = $ 301000
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Bolka Corporation, a merchandising company, reported the following results for October Sales Cost of goods sold...
Bolka Corporation, a merchandising company, reported the following results for October - Sales Cost of goods...
Bolka Corporation, a merchandising company, reported the following results for October - Sales Cost of goods sold (all variable) Total variable selling expense Total fixed selling expense Total variable administrative expense Total fixed administrative expense A ta ta ta ta ta $ 453,000 $ 169,700 21,400 17,600 10,700 32,100 The contribution margin for October is: The contribution margin for October is: Multiple Choice $251,200 $201,800 $283,300 $201,500
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Bolka Corporation, a merchandising company, reported the following results for October: Sales $ 500,000 Cost of goods sold (all variable) $ 170,700 Total variable selling expense $ 24,600 Total fixed selling expense $ 21,500 Total variable administrative expense $ 10,000 Total fixed administrative expense $ 34,900 The gross margin for October is: Multiple Choice $294,700 $329,300 $238,300 $443,600
Bolka Corporation, a merchandising company, reported the following results for October: Sales $ 427,000 Cost of...
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Calip Corporation, a merchandising company, reported the following results for October Sales Cost of goods sold...
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Delongis Corporation, a merchandising company, reported the following results for June: Number of units sold $ 1,200 units Selling price per unit $ 221 per unit Unit cost of goods sold $ 97 per unit Variable selling expense per unit $ 12 per unit Total fixed selling expense $ 7,300 Variable administrative expense per unit $ 8 per unit Total fixed administrative expense $ 15,300 Cost of goods sold is a variable cost in this company. The contribution margin for...
Fanlo Corporation, a merchandising company, reported the following results for July: Cost of goods sold is...
Fanlo Corporation, a merchandising company, reported the
following results for July:
Cost of goods sold is a variable cost in this company.
a) Prepare a tradtional format income statement for July
b) Prepare a contribution format income statement for
July
*Fanelli
Fanelli Corporation, a merchandising company, reported the following results for July: Number of units sold Selling price per unit Unit cost of goods sold Variable selling expense per unit Total fixed selling expense Variable administrative expense per unit Total...
Module One-Prin of Mgmt Info Systems - INFS-3100-002 Quiz 1 How do you calculate the cost...
Module One-Prin of Mgmt Info Systems - INFS-3100-002 Quiz 1 How do you calculate the cost Quiz 16 Helps Bolka Corporation, a merchandising company, reported the following results for October Sales Cost of goods sold (all variable) Total variable selling expense Total fixed selling expense Total variable administrative expense Total fixed administrative expense $ 490,000 $ 169,700 $ 24,200 $ 21,700 $ 33,600 The contribution margin for October is: Multiple Choice O $282,900 O $207900 5207100 < Prev 5 of...
Fanelli Corporation, a merchandising company, reported the following results for July: Number of units sold 5,800...
Fanelli Corporation, a merchandising company, reported the following results for July: Number of units sold 5,800 Selling price per unit $ 590 Unit cost of goods sold $ 410 Variable selling expense per unit $ 66 Total fixed selling expense $ 125,300 Variable administrative expense per unit $ 22 Total fixed administrative expense $ 207,200 Cost of goods sold is a variable cost in this company. Required: b. Prepare a contribution format income statement for July.
Bolka Corporation, a merchandising company, reported the following results for October - Sales Cost of goods sold (all variable) Total variable selling expense Total fixed selling expense Total variable administrative expense Total fixed administrative expense A ta ta ta ta ta $ 453,000 $ 169,700 21,400 17,600 10,700 32,100 The contribution margin for October is: The contribution margin for October is: Multiple Choice $251,200 $201,800 $283,300 $201,500
Bolka Corporation, a merchandising company, reported the following results for October: Book Sales Cost of goods sold (all variable) Total variable selling expense Total fixed selling expense Total variable administrative expense Total fixed administrative expense $ 467,000 $ 173,200 $ 19,500 $ 17,500 $ 10,100 $ 34,000 The gross margin for October is: Multiple Choice O $264.200 O $293,800 ) < Prev 4 of 5 !! Next >
Calip Corporation, a merchandising company, reported the following results for October: Sales Cost of goods sold (all variable) Total variable selling expense Total fixed selling expense Total variable administrative expense Total fixed administrative expense $442.800 $ 189,100 $ 19,100 $16.200 $ 9.600 100 The gross margin for October is: O $394,500 $225,000 O $253.700 5176700
Calip Corporation, a merchandising company, reported the following results for October Sales Cost of goods sold (all variable) Total variable selling expense Total fixed selling expense Total variable administrative expense Total fixed administrative expense $428.800 $ 182,100 $ 18,400 $_15,500 $ 8.900 $ 81,400 The contribution margin for October is: O $354,600 O $219,400 O $246.700 O $172,500
Fanlo Corporation, a merchandising company, reported the
following results for July:
Cost of goods sold is a variable cost in this company.
a) Prepare a tradtional format income statement for July
b) Prepare a contribution format income statement for
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*Fanelli
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