Milden Company |
||
Contribution margin Income statement |
||
For the Next Quarter |
||
Sales |
$ 16,53,000.00 |
|
Less: Variable costs |
||
Variable Cost of goods sold |
$ 7,83,000.00 |
|
Variable selling expenses |
$ 1,16,000.00 |
|
Variable selling commission |
$ 99,180.00 |
|
Total Variable cost |
$ 9,98,180.00 |
|
Contribution margin |
$ 6,54,820.00 |
|
Less: Fixed Costs |
||
Advertising expense |
$ 1,77,000.00 |
|
Shipping expenses |
$ 75,000.00 |
|
Administrative salaries |
$ 87,000.00 |
|
Insurance expense |
$ 9,700.00 |
|
Depreciation expense |
$ 57,000.00 |
|
Total Fixed Costs |
$ 4,05,700.00 |
|
Net Income |
$ 2,49,120.00 |
Milden Company |
||
Traditional Format Income Statement |
||
For the Next Quarter |
||
Sales |
$ 16,53,000.00 |
|
Cost of goods sold |
$ 7,83,000.00 |
|
Gross margin |
$ 8,70,000.00 |
|
Selling and administrative expenses: |
||
Advertising expense |
$1,77,000.00 |
|
Sales commission |
$ 99,180.00 |
|
Shipping expense |
$1,91,000.00 |
|
Administrative salaries |
$ 87,000.00 |
|
Insurance expense |
$ 9,700.00 |
|
Depreciation expense |
$ 57,000.00 |
|
Total selling and administrative expenses |
$ 6,20,880.00 |
|
Net operating income |
$ 2,49,120.00 |
Working
Milden Company |
||
Traditional Format Income Statement |
||
For the Next Quarter |
||
Sales |
=29000*57 |
|
Cost of goods sold |
=29000*27 |
|
Selling and administrative expenses: |
||
Advertising expense |
177000 |
|
Sales commission |
=1653000*6% |
|
Shipping expense |
=+(29000*4)+75000 |
|
Administrative salaries |
87000 |
|
Insurance expense |
9700 |
|
Depreciation expense |
57000 |
|
Milden Company |
||
Contribution margin Income statement |
||
For the Next Quarter |
||
Sales |
=29000*57 |
|
Less: Variable costs |
||
Variable Cost of goods sold |
=29000*27 |
|
Variable selling expenses |
=29000*4 |
|
Variable selling commission |
=1653000*6% |
|
Less: Fixed Costs |
||
Advertising expense |
177000 |
|
Shipping expenses |
75000 |
|
Administrative salaries |
87000 |
|
Insurance expense |
9700 |
|
Depreciation expense |
63000 |
Milden Company is a merchandiser that plans to sell 29,000 units during the next quarter at...
Milden Company is a merchandiser that plans to sell 29,000 units during the next quarter at a selling price of $54 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 $24 per unit sold $174,000 per quarter 5% of sales $84,000 per quarter + $4.00 per unit sold $84,000 per quarter $9,400 per quarter $54,000 per...
Milden Company is a merchandiser that plans to sell 33,000 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 Formula Cost of good sold $25 per unit sold Advertising expense $182,000 per quarter Sales commissions 5% of sales Shipping expense $32,000 per quarter + $5.00 per unit sold Administrative salaries $92,000 per quarter Insurance expense $10,200 per quarter Depreciation expense $62,000 per...
Milden Company is a merchandiser that plans to sell 27,000 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: Cost Cost of good sold Advertising expense Sales commissions Shipping expense Administrative salaries Insurance expense Depreciation expense Cost Formula $26 per unit sold $176,000 per quarter 5% of sales $34,000 per quarter 6.00 per unit sold $86,000 per quarter $9,600 per quarter 56,000 per quarter...
Milden Company is a merchandiser that plans to sell 27,000 units during the next quarter at a selling price of $53 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 $23 per unit sold $173,000 per quarter 6% of sales $68,eee per quarter + $5.00 per unit sold $83,000 per quarter $9,300 per quarter $53,000 per...
Milden Company is a merchandiser that plans to sell 33,000 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 Formula
Cost of good sold
$25 per unit sold
Advertising expense
$182,000 per quarter
Sales commissions
5% of sales
Shipping expense
$32,000 per quarter + $5.00 per unit sold
Administrative salaries
$92,000 per quarter
Insurance expense
$10,200 per quarter
Depreciation expense
$62,000 per...
Milden Company is a merchandiser that plans to sell 23,000 units during the next quarter at a selling price of $51 per unit. The company also gathered the following cost estimates for the next quarter: Cost Cost Formula Cost of good sold $21 per unit sold Advertising expense $171,000 per quarter Sales commissions 6% of sales Shipping expense $42,000 per quarter + $7.00 per unit sold Administrative salaries $81,000 per quarter Insurance expense $9,100 per quarter Depreciation expense $51,000 per...
Milden Company is a merchandiser that plans to sell 41,000 units during the next quarter at a selling price of $66 per unit. The company also gathered the following cost estimates for the next quarter: 30 points Cost Cost of good sold Advertising expense Sales commissions Shipping expense Administrative salaries Insurance expense Depreciation expense Cost Formula $33 per unit sold $189,000 per quarter 6% of sales $39,000 per quarter + $4.00 per unit sold $99,000 per quarter $10,900 per quarter...
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: Cost Cost of good sold Advertising expense Sales commissions Shipping expense Administrative salaries Insurance expense Depreciation expense Cost Formula $26 per unit sold $183, ese per quarter 6% of sales $57,eee per quarter + $4.ee per unit sold $93,889 per quarter $19,30 per quarter $63,000...
Milden Company is a merchandiser that plans to sell 41,000 units during the next quarter at a selling price of $66 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 $33 per unit sold $189,000 per quarter 6% of sales $39,000 per quarter + $4.00 per unit sold $99,000 per quarter $ 10,900 per quarter $69,000...
Milden Company is a merchandiser that plans to sell 29.000 units during the next quarter at a selling price of $57 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 $177,000 per quarter 68 of sales $75,000 per quarter + $4.00 per unit sold $87,000 per quarter $9,700 per quarter $57,000 per...