Centribution margin, break-even sales, cost-velume-profit chart, marain of safety, and operating leverage Income Statement Additional Ouestions Final Questions at the and of 20Y8 s ath beginning of the year The totasl of all production cost for the year a Wolbey IndustesIncexpcts to maintain the same inventories be equal to the cost of goods sold With this in mind, the various deparment heads were asked to submit o these estimates is as foows estimates of the costs for their departments during the year A summany stated F rlable Cost ectmaberal 46.00 rect abor 0.00 Factory overhead Seling expenes 11000000 Advertising Travel Miscelaneous seing xpese Administrative expees 2,000.00 52000.00 Supplies 1.400.00 6 5 0 Contribution margin, break-even sales, cost volume-profit chart, maroin ot safety, and operating everage ncome Statement Additional Questions Final Quetion ales salaries and commissions 110,0000 Advertising Travel 100 dministrative expenses Office and officers salaries Supplies 52.00000 10.000 00 13,40000 525,000.00 .00 100 120 00 ts expected that 21,875 units will be soid at a price of $160 a unit.mum sales within the ent.cane are 27,000 unts Required woding of the A Prepare an estimaled income statement for 20YB.efer o the Labels and Amount Desoiptions st provwided for the answer choices for eat entries Be sune to complete the statement eading B What is the expected conribution marinnatio? C. Determine the break even sales in units and dolars D. Construct a cost-volume proflt chart on your owm paper Whr io the break-esas? E What is the expected margin of safety in dolars and as a percentage of FDetermine the operating leverage. Round to one decimal plaoe All work saved 8 6 5 0 Calculator Labels and Amount Descriptions Advertising Contribution margin Cost of goods sold December 31, 20Y8 Direct labor Direct materials Expenses Factory overhead For the Month Ended December 31, 20Y8 For the Year Ended December 31, 20Y Gross profit Income from operations Manufacturing margirn Miscellaneous administrative expense Miscellaneous selling expense Office and officers' salaries Sales Sales salaries and commissions Supplies Total administrative expenses Total expenses Total selling expenses Travel Variable cost of goods sold Check My Work Prepare an estimated incoe stent or 20 complete the stelement heding Wolsey Induries n Estimated Income Statemen 0 9 8 6 5 4 0 eling expenses Total expenses Check My Work All work saved eBook Calculator Contribution margin, break-even sales, cost-volume-profit chart, margin of safety, and ope Instructions Labels and Amount Descriptions Income Statement Additional Ques Additional Questions B. What is the expected C. Determine the break-even sales in units and dollars Units units Dollars a cost-volume-profit chart on your own paper. What is the break-even sales? heck My Work ntribution margin, break-even sales, cost-volume-profit chart, margin of safety, and o Income Statement Additional Que Labels and Amount Descriptions Instructions Final Questions E. What is the expected margin of safety in dollars and as a percentage of sales? Dollars Percentage F. Determine the operating leverage. Round to one decimal place Check My Work Contribution margin, break-even sales, cost-volume-profit chart, margin of safety, and operating levera Labels and Amount Descriptions Income Statement Additional Questions Final Questions the same inventories at the end of 20Y8 as at the beginning of the year. The total of all production costs for the year is therefore assumed to were asked to submit estimates of the costs for their departments during the year. A summary report be equal to the cost of goods sold. With this in mind, the various department heads of these estimates is as follows: Estimated Variable Cost Estimated Fixed Cost (per unit sold) 2 Productioo costs 3Direct materials Direct labor $46.00 0.00 2000 Factory overhead 200,000.00 s Selling expenses: Sales salaries and commissions 110,000.00 40,000.00 12,000.00 8.00 Advertising s Travel 10 Miscellaneous selling expense 1 Administrative expenses: 12 Office and officers salaries s Supplies 14 Miscellaneous administrative expense 600.00 100 132,000.00 10,000.00 13,40000 4.00 1.00 Contribution margin, break-even sales, cost-volume-profit chart, margin of safety, and operating leverage Labels and Amount Descriptions Income Statement Additional Questions Final Questions 6 Selling expenses: Sales salaries and commissions Advertising Travel 110,000.00 8.00 40,000.00 2,00000 7600.00 1.00 10 Miscellaneous selling expense 11 Administrative expenses: 2 Office and officers' salaries 15 Supplies Miscellaneous administrative expense 15 Total 132,00000 10,00000 13,400.00 5525,000.00 4.00 100 12000 It is expected that 21,875 units will be sold at a price of $160 a unit. Maximum sales within the televant range are 27,000 units. Required: an estimated income statement for 20Y8. Refer to the Labels and Amount Descriptions ist provided for the exact wording of the answer choices for text entries. Be sure to complete the statement heading B. What is the expected COtrbutanna sinratio? C. Determine the break-even sales in units and dollars. D. Construct E. What is the expected margin of safety in dollars and as a percentage of sales? F. Determine the operating leverage. Rlound to one decimal place a cost-volume-profit chart on your own paper. What is the break-even sales? Labels and Amount Descriptions Advertising Contribution margin Cost of goods sold December 31, 20YS Direct labor Direct materials Factory overhead For the Month Ended December 31, 20Y8 For the Year Ended December 31, 20YB Gross proft Income from operations Manufacturing margin Miscellaneous administrative expense expense Office and officers' salaries Sales Sales salaries and commissions Supplies Total administrative expenses Total expenses Total selling expenses Travel Variable cost of goods sold Check My Work A Prepare an estimated income statement for 20Y8. Refer to the Labels and Amount Descriptions list provided for the exact wording of the answer cholces for text entries. Be sure to complete the statement heading Wolsey Industries Inc. Estimated Income Statement (Label) 2 (Label) Selling expenses 9 Selling expenses: 15 Administrative expenses: 0 Total expenses Email Instruct All work saved. Calculator Contribution margin, break-even sales, cost-volume-profit chart, margin of safety, and ope Instructions Labels and Amount Descriptions Income Statement Additional Ques Additional Questions B. What is the expected contribution margin ratio? C. Determine the break-even sales in units and dollars Units units Dollars a cost-volume-profit chart on your own paper. What is the break-even sales? ntribution margin, break-even sales, cost-volume-profit chart, margin of safety, and o Income Statement Additional Qu Labels and Amount Descriptions instructions Final Questions E. What is the expected margin of safety in dollars and as a percentage of sales? Dollars Percentage F. Determine the operating leverage. Round to one decimal place. Centribution margin, break-even sales, cost-velume-profit chart, marain of safety, and operating leverage Income Statement Additional Ouestions Final Questions at the and of 20Y8 s ath beginning of the year The totasl of all production cost for the year a Wolbey IndustesIncexpcts to maintain the same inventories be equal to the cost of goods sold With this in mind, the various deparment heads were asked to submit o these estimates is as foows estimates of the costs for their departments during the year A summany stated F rlable Cost ectmaberal 46.00 rect abor 0.00 Factory overhead Seling expenes 11000000 Advertising Travel Miscelaneous seing xpese Administrative expees 2,000.00 52000.00 Supplies 1.400.00 6 5 0 Contribution margin, break-even sales, cost volume-profit chart, maroin ot safety, and operating everage ncome Statement Additional Questions Final Quetion ales salaries and commissions 110,0000 Advertising Travel 100 dministrative expenses Office and officers salaries Supplies 52.00000 10.000 00 13,40000 525,000.00 .00 100 120 00 ts expected that 21,875 units will be soid at a price of $160 a unit.mum sales within the ent.cane are 27,000 unts Required woding of the A Prepare an estimaled income statement for 20YB.efer o the Labels and Amount Desoiptions st provwided for the answer choices for eat entries Be sune to complete the statement eading B What is the expected conribution marinnatio? C. Determine the break even sales in units and dolars D. Construct a cost-volume proflt chart on your owm paper Whr io the break-esas? E What is the expected margin of safety in dolars and as a percentage of FDetermine the operating leverage. Round to one decimal plaoe All work saved 8 6 5 0 Calculator Labels and Amount Descriptions Advertising Contribution margin Cost of goods sold December 31, 20Y8 Direct labor Direct materials Expenses Factory overhead For the Month Ended December 31, 20Y8 For the Year Ended December 31, 20Y Gross profit Income from operations Manufacturing margirn Miscellaneous administrative expense Miscellaneous selling expense Office and officers' salaries Sales Sales salaries and commissions Supplies Total administrative expenses Total expenses Total selling expenses Travel Variable cost of goods sold Check My Work Prepare an estimated incoe stent or 20 complete the stelement heding Wolsey Induries n Estimated Income Statemen 0 9 8 6 5 4 0 eling expenses Total expenses Check My Work All work saved eBook Calculator Contribution margin, break-even sales, cost-volume-profit chart, margin of safety, and ope Instructions Labels and Amount Descriptions Income Statement Additional Ques Additional Questions B. What is the expected C. Determine the break-even sales in units and dollars Units units Dollars a cost-volume-profit chart on your own paper. What is the break-even sales? heck My Work ntribution margin, break-even sales, cost-volume-profit chart, margin of safety, and o Income Statement Additional Que Labels and Amount Descriptions Instructions Final Questions E. What is the expected margin of safety in dollars and as a percentage of sales? Dollars Percentage F. Determine the operating leverage. Round to one decimal place Check My Work Contribution margin, break-even sales, cost-volume-profit chart, margin of safety, and operating levera Labels and Amount Descriptions Income Statement Additional Questions Final Questions the same inventories at the end of 20Y8 as at the beginning of the year. The total of all production costs for the year is therefore assumed to were asked to submit estimates of the costs for their departments during the year. A summary report be equal to the cost of goods sold. With this in mind, the various department heads of these estimates is as follows: Estimated Variable Cost Estimated Fixed Cost (per unit sold) 2 Productioo costs 3Direct materials Direct labor $46.00 0.00 2000 Factory overhead 200,000.00 s Selling expenses: Sales salaries and commissions 110,000.00 40,000.00 12,000.00 8.00 Advertising s Travel 10 Miscellaneous selling expense 1 Administrative expenses: 12 Office and officers salaries s Supplies 14 Miscellaneous administrative expense 600.00 100 132,000.00 10,000.00 13,40000 4.00 1.00 Contribution margin, break-even sales, cost-volume-profit chart, margin of safety, and operating leverage Labels and Amount Descriptions Income Statement Additional Questions Final Questions 6 Selling expenses: Sales salaries and commissions Advertising Travel 110,000.00 8.00 40,000.00 2,00000 7600.00 1.00 10 Miscellaneous selling expense 11 Administrative expenses: 2 Office and officers' salaries 15 Supplies Miscellaneous administrative expense 15 Total 132,00000 10,00000 13,400.00 5525,000.00 4.00 100 12000 It is expected that 21,875 units will be sold at a price of $160 a unit. Maximum sales within the televant range are 27,000 units. Required: an estimated income statement for 20Y8. Refer to the Labels and Amount Descriptions ist provided for the exact wording of the answer choices for text entries. Be sure to complete the statement heading B. What is the expected COtrbutanna sinratio? C. Determine the break-even sales in units and dollars. D. Construct E. What is the expected margin of safety in dollars and as a percentage of sales? F. Determine the operating leverage. Rlound to one decimal place a cost-volume-profit chart on your own paper. What is the break-even sales? Labels and Amount Descriptions Advertising Contribution margin Cost of goods sold December 31, 20YS Direct labor Direct materials Factory overhead For the Month Ended December 31, 20Y8 For the Year Ended December 31, 20YB Gross proft Income from operations Manufacturing margin Miscellaneous administrative expense expense Office and officers' salaries Sales Sales salaries and commissions Supplies Total administrative expenses Total expenses Total selling expenses Travel Variable cost of goods sold Check My Work A Prepare an estimated income statement for 20Y8. Refer to the Labels and Amount Descriptions list provided for the exact wording of the answer cholces for text entries. Be sure to complete the statement heading Wolsey Industries Inc. Estimated Income Statement (Label) 2 (Label) Selling expenses 9 Selling expenses: 15 Administrative expenses: 0 Total expenses Email Instruct All work saved. Calculator Contribution margin, break-even sales, cost-volume-profit chart, margin of safety, and ope Instructions Labels and Amount Descriptions Income Statement Additional Ques Additional Questions B. What is the expected contribution margin ratio? C. Determine the break-even sales in units and dollars Units units Dollars a cost-volume-profit chart on your own paper. What is the break-even sales? ntribution margin, break-even sales, cost-volume-profit chart, margin of safety, and o Income Statement Additional Qu Labels and Amount Descriptions instructions Final Questions E. What is the expected margin of safety in dollars and as a percentage of sales? Dollars Percentage F. Determine the operating leverage. Round to one decimal place