B C D E Cost Classifications: Manufacturing / Account Amount Product / Period Nonmanufacturing Fixed / Variable Equipment depreciation: Molding 400,000 Product MOH Fixed Equipment depreciation: Fabrication 300,000 Product MOH Fixed Equipment depreciation: Assembly 50,000 Product MOH Fixed Equipment depreciation: Materials Handling 15,000 Product MOH Fixed Equipment depreciation: Other 10,000 Product MOH Fixed Production suprvision: Molding 60,000 Product MOH Fixed Production supervision: Fabrication 65,000 Product MOH Fixed 58,000 Product MOH Fixed 10 Production supervision: Assembly 11 Indirect labor: Maintenance & Repairs 72,000 Product MOH Fixed 12 Indirect labor: Materials Handling 68,000 Product MOH Fixed 170,000 Product MOH ixed 13 Indirect labor: Engineering 14 Indirect labor: Raw Materials Purchasing 93,000 Product MOH ixed Indirect labor: Quality Control 38,000 Product MOH ixed 15 16 Indirect labor: Packaging & Shipping 99,000 Product MOH Fixed 17 Indirect materials: Molding 18,000 Product MOH Variable 18 Indirect materials: Fabrication 13,000 Product MOH Variable 19 Indirect materials: Assembly 8,000 Product MOH Variable 24,000 Product MOH Variable 20 Utilities: Molding 21 Utilities: Fabrication 20,000 Product MOH Variable 22 Utilities: Assembly 6,000 Product MOH Variable 23 Utilties: Plant lighting and other equipment 12,000 Product MOH Fixed Product MOH Fixed 24 Utilities: Heating and cooling 24,000 25 Property insurance 26,000 Product MOH Fixed Fixed 26 Liability insurance 18,000 Product MOH 45,000 Product MOH Fixed 27 Medical insurance Fixed 28 Workers' compensation insurance 13,000 Product MOH 29 Other salaries: Plant manager 165,000 Produc MOH Fixed 30 Other salaries: Accounting 89,000 Product MOH Fixed 31 Other salaries: Administrative support 56,000 Product MOH Fixed ixed 32 Other salaries: Janitorial 18,000 Product MOH 33 Other salaries: Security and grounds maintenance 44,000 Product MOH Fixed Fixed 34 Property taxes 18,000 Product MOH 35 Payroll taxes: Direct labor 79,000 Product MOH Variable 36 Payroll taxes: Other 165,000 Product MOH Fixed 2,220,000 Product Variable 37 Direct materials Direct materials 1,365,000 Product Direct labor Variable 38 Direct labor 39 Accounting manager's salary 88,000 Period Administrative Fixed Period Administrative Fixed 40 Administrative office insurance 2,000 41 Advertising 400,000 Period Selling Fixed 42 Depreciation on office equipment 15,000 Period Administrative Fixed 43 Heat & electricity for the general office 4,000 Period Administrative Fixed 44 Janitorial services for administrative offices 26,000 Period Administrative Fixed 45 Salaries of accounts receivable/payable clerks 78,000 Period Administrative Fixed 480,000 Period Selling Variable 46 Sales commissions 47 Sales manager's salary 120,000 Period Selling Fixed 48 Supplies for administrative office 1,000 Period Administrative Fixed 49 Customer billing supplies 2,000 Period Administrative VariableA B 1 Crispin Company 2 Traditional Format Income Statement 3 4 Sales 8,000,000 5 Cost of goods sold 6 Gross margin S 8,000,000 7 Selling and administrative expenses: Selling 9 Administrative 10 Net operating income 8,000,000 11 12 13 Crispin Company 14 Contribution Format Income Statement 15 Sales $ 8,000,000 16 Variable expenses: 17 Cost of goods sold 18 Variable selling 19 Variable administrative 20 Contribution margin 8,000,000 21 Fixed expenses: 22 Fixed manufacturingad 23 Fixed selling 24 Fixed administrative 25 Net operating income 8.000.000 26 27 28 Fill In 29 Auto-CalcPrepare a contribution format income statement. (Hint: The cost of goods sold should include all direct materials, direct labor, and variable manufacturing overhead. The fixed manufacturing overhead costs should be included within the \"Fixed expenses" portion of the income statement.) The cost of goods sold in this income statement is _ .......... . . . . Req 3A Req 3B Req 3C Based on the contribution format income statement, what is the contribution margin? The contribution margin isBased on the contribution format income statement, what is the net operating income