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Chrome-Do Homework-Jarrett Rigney mathx.com/Student/Player Homework aspx?homeworkid=555513825&questionid=11&flushed=true&cid=5877533¢erwin-yes Accounting 2301 Jarrett Rigney 1 03/11/20 10:19 AM Homework: Chapter 6 Save Score: 0.08 of 1 pt 11 of 11 (11 complete) HW Score: 83.58%, 9.19 of 11 pts WP6-65A (similar to) Question Help Violins-by-Lucy produces student-grade violins for beginning violin students. The company produced 2,400 violins in its first month of operations. At month-end, 650 finished violins remained unsold. There was no inventory in work in process. Violins were sold for $115.00 each. Total costs from the month are as follows: Click on the icon to view the data) The company prepares traditional (absorption costing) income statements for its bankers, Lucy would also like to prepare contribution margin income statements for management use Read the requirements Compute the following amounts that would be shown on these income statements Requirement 1. Gross Profit Identify the formula then compute the gross profit Cost of goods sold Gross profe (1/ to) 301 Jarrett Rigney & 03 Jork: Chapter 6 f1 pt 11 of 11 (11 complete) HW Score: 83.5 A (similar to) ucy produces student-grade violins for beginning violin students. The company produced 2,400 violins in its first month of operations. remained unsold. There was no inventory in work in process. Violins were sold for $115.00 each. Total costs from the month are as fc the icon to view the data.) prepares traditional (absorption costing) income statements for its bankers. Lucy would also like to prepare contribution margin income irements following amounts that would be shown on these income statements 1. Gross Profit Data Table ormula, then compute the S .- S 111.400 70.000 Direct materials used...... Direct labor S Variable manufacturing overhead..................$ Fored manufacturing overhead Variable selling and administrative expenses ..... 5 Fored selling and administrative expenses............ 25,000 52.800 11,000 12.700 Print Done number in the edit fields and ning Clear All Check Answ