Question
Bill Company reported the following: Revenues $4,500 Variable manufacturing costs $ 900 Variable nonmanufacturing costs $ 810 Fixed manufacturing costs $ 630 Fixed nonmanufacturing costs
Bill Company reported the following:
Revenues $4,500
Variable manufacturing costs $ 900
Variable nonmanufacturing costs $ 810
Fixed manufacturing costs $ 630
Fixed nonmanufacturing costs $ 545
Required:
a. Compute contribution margin.
b. Compute contribution margin percentage.
c. Compute gross margin.
d. Compute gross margin percentage.
e. Compute operating income.
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Attorneys IRS Audit Technique Guide
Authors: Internal Revenue Service
1st Edition
1304112918, 978-1304112910
