Chuck's Brokerage Service (CBS) is a discount financial services firm offering clients investment advice, trading services, and a variety of mutual funds for investment. Chuck has collected the following information for October: Advertising and marketing Brokerage commissions (revenues) Building rent and utilities Fees from clients for investment advice Labor cost for advice Managers' salaries Sales commissions to brokers Training programs for brokers Fees paid to execute trades 86,000 2,993,000 176,000 1,507,000 795,000 308,000 252,000 430,000 1,995,000 Required: Prepare an income statement for October for CBS. CHUCK'S BROKERAGE SERVICE Income Statement For the Month Ending October 31 Sales revenue $ 0 Total revenues Cost of services sold 0 Total costs of services Marketing and administrative costs Total marketing and administrative costs The following data apply to the provision of psychological testing services: $ 350 16,000 17,500 Sales price per unit (1 unit = 1 test plus feedback to client) Fixed costs (per month): Selling and administration Production overhead (e.g., rent of testing facilities) Variable costs (per test): Labor for oversight and feedback Outsourced test analysis Materials used in testing Production overhead Selling and administration (e.g., scheduling and billing) Number of tests per month 140 24 7 6 14 2,000 tests Required: Calculate the amount for each of the following (one unit = one test) if the number of tests is 2,000 per month. Also calculate if the number of tests decreases to 1,250 per month. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar.) 2,000 Tests 1,250 Tests C. a. Variable production cost per unit. b. Variable cost per unit. Full cost per unit. d Full absorption cost per unit. e. Prime cost per unit. Conversion cost per unit Contribution margin per unit. h. Gross margin per unit. The following balances are from the accounts of Tappan Parts: Direct materials inventory Work-in-process inventory Finished goods inventory January 1 (Beginning) $ 22,100 32,300 5,100 December 31 (Ending) $ 25,400 29,200 7,100 Direct materials used during the year amount to $46,000 and the cost of goods sold for the year was $53,200. Required: Prepare a cost of goods sold statement. TAPPAN PARTS Cost of Goods Sold Statement For the Year Ended December 31 Beginning work-in-process inventory Manufacturing costs: Direct materials: $ 32,300 Materials available Direct materials used Total manufacturing costs Total costs of work-in-process Cost of goods manufactured Finished goods available for sale Cost of goods sold