Question
A company, Alluru Corporation,specializesin merchandising. Alluru Corporationreported the following for an accounting period: Volume of Units Sold------- 5,300 Selling Price: Unit------- $590 Unit Cost of
A company, Alluru Corporation,specializesin merchandising. Alluru Corporationreported the following for an accounting period:
Volume of Units Sold------- 5,300
Selling Price: Unit------- $590
Unit Cost of Goods Sold-------$403
Sales Commission:Unit------- $46
Shipping Expense: Unit ------- $12
AdvertisementExpense------- $93,000
Marketing Expense------- $31,400
Variable admin expense: unit------- $22
Corporate Facility Rent------- $43,000
Executive Salaries------- $163,300
Cost of goods sold is a variable cost for Alluru Corporation.
Required:
a. Calculate the total fixed expense for the accounting period.
b. Calculate is the total variable expense for the accounting period.
c.Calculate the total period expense for the accounting period.
d. Composea traditional format income statement for the accounting period.
e. Compose a contribution format income statement for the accounting period.
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