Lindquist Company has the following information for February: Determine (a) The manufacturing margin, (b) The contribution margin,
Question:
Lindquist Company has the following information for February:
Determine
(a) The manufacturing margin,
(b) The contribution margin, and
(c) Operating income for Lindquist Company for the month of February.
Transcribed Image Text:
Sales Variable cost of goods sold Fixed manufacturing costs Variable selling and administrative expenses Fixed selling and administrative expenses $7,150,000 2,430,000 1,250,000 900,000 110,000
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 83% (6 reviews)
a 4720000 7150000 ...View the full answer
Answered By
Nandan kumar
I have secured all india rank in gate exam(one of pioneer technical competence exam in exam.)twice wuth civil engineering
I have made upsc ESE mains twice and interview once (considered as toughest exam in india among tech exams.)
Since last 2 years i have been teaching online and offline both.
0.00
0 Reviews
10+ Question Solved
Related Book For
Financial And Managerial Accounting
ISBN: 9780357714041
16th Edition
Authors: Carl S. Warren, Jefferson P. Jones, William Tayler
Question Posted:
Students also viewed these Business questions
-
The Arnold Company has the following information relating to its inventory for 2009 Beginning inventory 80000 Ending inventory 60000 REQUIRED Create the entries under each of the two systems that...
-
A major energy production company has the following information regarding the acquisition of new-generation equipment. Purchase price = $580,000 Transoceanic shipping and delivery cost = $4300...
-
The Step Company has the following information for the year just ended: Budget Actual Sales in units 30,400 28,000 Sales $ 304,000 $ 294,000 Less: Variable Expenses 182,400 165,200 Contribution...
-
What are the main advantages and disadvantages of using 360 degree appraisal?
-
How does an annual report reveal what a company feels about itself?
-
An astronomical telescope has a magnification of 7.5 . If the two lenses are 28 cm apart, determine the focal length of each lens.
-
80 is what percent of 320 ?
-
Condensed financial data of Odgers Inc. follow. Additional information: 1. New plant assets costing $100,000 were purchased for cash during the year. 2. Old plant assets having an original cost of...
-
. Data table A I B ' C D E F 1 Water Land 2 Flexible Budget Performance Report: Sales and Operating Expenses 3 For the Year Ended April 30 Flexible Budget Flexible Volume Master 4 Actual Variance ...
-
The roads represented by this graph are all unpaved. The lengths of the roads between pairs of towns are represented by edge weights. Which roads should be paved so that there is a path of paved...
-
At the end of the first year of operations, 18,000 units remained in the finished goods inventory. The unit manufacturing costs during the year were as follows: Determine the cost of the finished...
-
Comcast Corporation (CMCSA) is a global media and entertainment company with operations divided into three major segments: Cable Communications: High-speed Internet, video, voice, and wireless...
-
To what extent do you feel that LMD is failing to deliver anticipated outcomes in your organisation? Given what you have read in this chapter, what can be done to improve the situation?
-
Given the differential equation: f'(x) = 3+5f(x) - 2f(x) with f(1)=1, what is the value of lim f(x). f'(x) = f(x) x 812 with f (2) = 2, for what value of x does f(x) become infinite?
-
i) Information security is the process by which an organization protects and secures its systems, including media, and facilities that process and maintain information vital to its operations....
-
In the management of Health Records and Information Management Profession there are critical aspects and membership that ensured harmony and quality services in Kenya. Describe the functions of the...
-
Loop: LD DADDI SD DADDI DSUB BNEZ Use the following code fragment: R1,0 (R2) R1, R1, #1 R1,0, (R2) ;load R1 from address 0+R2 ;RI=R1+1 store R1 at address 0+R2 R2-R2+4 ;R4-R3-R2 ;branch to Loop if...
-
The pressure inside an airplane is 1.00 atm (1.01 x 105 N/m2). What is the magnitude of the net force exerted on a 1.10 m x 2.30 m rectangular cabin door at a height of 36,000 ft if the outside...
-
Albert Company discovers in 2017 that its ending inventory at December 31, 2016, was $5,000 understated. What effect will this error have on (a) 2016 net income, (b) 2017 net income, and (c) The...
-
For the following exercises, find the area of the triangle. Round to the nearest hundredth. 22 50 36
-
Annys Dry Cleaners is owned and operated by Anny Brum. A building and equipment are currently being rented, pending expansion to new facilities. The actual work of dry cleanings is done by another...
-
Before inventory purchases are recorded, the receiving report should be reconciled to what documents?
-
Before inventory purchases are recorded, the receiving report should be reconciled to what documents?
-
_________________ establishes "the measurement of economic activity, time when such measurements are to be made and recorded, disclosures surrounding this activity, and preparation and presentation...
-
All of the following are sources of information that need to be specified when documenting client information, EXCEPT: Group of answer choices Client's report Personal observation Personal assumption...
-
Defined benefit plans are regarded by employers as volatile because when interest rates are low, the plan is more likely to be underfunded and employer contributions are more likely to be increased;...
Study smarter with the SolutionInn App