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can you please the calculations please how you got those numbers thanks The 2018 data that follow pertain to Sam's Superb Eyewear, a manufacturer of
can you please the calculations please how you got those numbers
thanks
The 2018 data that follow pertain to Sam's Superb Eyewear, a manufacturer of swimming goggles. (Sam's Superb Eyewear had no beginning Finished Goods Inventory in January 2018.) (Click the icon to view the data.) Read the requirements Requirement 1. Prepare both conventional (absorption costing) and contribution margin (variable costing) income statements for Sam's Superb Eyewear for the year ended December 31, 2018. (Round intermediary calculations to the nearest cent.) Begin by preparing Sam's Superb Eyewear's conventional (absorption costing) income statement for the year ended December 31, 2018 Sam's Superb Eyewear Data Table x Income Statement (Absorption Costing) Year Ended December 31, 2018 Net Sales Revenue Number of goggles produced 140,000 Cost of Goods Sold Number of goggles sold 110,000 Gross Profit Sales price per unit $ 33 Selling and Administrative Costs Variable manufacturing cost per unit 15 Operating Income Sales commission cost per unit 3 Fixed manufacturing overhead 1,400,000 i Requirements Fixed selling and administrative costs 220,000 Print Done ? 1. Prepare both conventional (absorption costing) and contribution margin (variable costing) income statements for Sam's Superb Eyewear for the year ended December 31, 2018. 2. Which statement shows the higher operating income? Why? 3. Sam's Superb Eyewear's marketing vice president believes a new sales promotion that costs $120,000 would increase sales to 120,000 goggles. Should the company go ahead with the promotion? Give your reasoning. Flear All Check Answer Prepare Ed's Easy Eyewear's contribution margin (variable costing) income statement for the year ended December 31, 2018. Ed's Easy Eyewear Income Statement (Variable Costing) Year Ended December 31, 2018 Net Sales Revenue Variable Costs Contribution Margin Fixed Costs $ Onerating Income This question is complete. Move your cursor over or tap on the The 2018 data that follow pertain to Sam's Superb Eyewear, a manufacturer of swimming goggles. (Sam's Superb Eyewear had no beginning Finished Goods Inventory in January 2018.) (Click the icon to view the data.) Read the requirements Requirement 1. Prepare both conventional (absorption costing) and contribution margin (variable costing) income statements for Sam's Superb Eyewear for the year ended December 31, 2018. (Round intermediary calculations to the nearest cent.) Begin by preparing Sam's Superb Eyewear's conventional (absorption costing) income statement for the year ended December 31, 2018 Sam's Superb Eyewear Data Table x Income Statement (Absorption Costing) Year Ended December 31, 2018 Net Sales Revenue Number of goggles produced 140,000 Cost of Goods Sold Number of goggles sold 110,000 Gross Profit Sales price per unit $ 33 Selling and Administrative Costs Variable manufacturing cost per unit 15 Operating Income Sales commission cost per unit 3 Fixed manufacturing overhead 1,400,000 i Requirements Fixed selling and administrative costs 220,000 Print Done ? 1. Prepare both conventional (absorption costing) and contribution margin (variable costing) income statements for Sam's Superb Eyewear for the year ended December 31, 2018. 2. Which statement shows the higher operating income? Why? 3. Sam's Superb Eyewear's marketing vice president believes a new sales promotion that costs $120,000 would increase sales to 120,000 goggles. Should the company go ahead with the promotion? Give your reasoning. Flear All Check Answer Prepare Ed's Easy Eyewear's contribution margin (variable costing) income statement for the year ended December 31, 2018. Ed's Easy Eyewear Income Statement (Variable Costing) Year Ended December 31, 2018 Net Sales Revenue Variable Costs Contribution Margin Fixed Costs $ Onerating Income This question is complete. Move your cursor over or tap on the
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