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can someone help me with this problem question??? its ALL ONE QUESTION and jts mangerial accounting option for required 1 Accounting staff salaries Administrative salaries
can someone help me with this problem question??? its ALL ONE QUESTION and jts mangerial accounting
Problem 18-2A (Algo) Contribution margin income statement and contribution margin ratio LO A1 The following costs result from the production and sale of 4,150 drum sets manufactured by Tight Drums Company for the year ended December 31. The drum sets sell for $265 each. Required: 1. Prepare a contribution margin income statement for the year. 2. Compute contribution margin per unit and contribution margin ratio. 3. For each dollar of sales, how much is left to cover fixed costs and contribute to income? Prepare a contribution margin income statement for the year. TIGHT DRUMS COMPANY Contribution Margin Income Statement (partial) For Year Ended December 31 Sales Variable costs: Total variable costs Contribution margin Complete this question by entering your answers in the tabs below. For each dollar of sales, how much is left to cover fixed costs and contribute to income? (Round your answer to 2 decimal piaces.) For each dollar of sales, how much is left to cover fixed costs and contribute to income option for required 1
Accounting staff salaries Administrative salaries Drum stands Factory machinery depreciation Factory maintenance Lease of equipment for sales staff Plastic for casing Sales commissions Taxes on factory Wages of assembly workers
required 2
same options as required 1
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