Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Determine the fixed cost and the variable cost from this income statement Period Ending: 9/25/2021 Total Revenue $365,817,000 Cost of Revenue $212,981,000 Gross Profit $152,836,000

Determine the fixed cost and the variable cost from this income statement

Period Ending: 9/25/2021
Total Revenue $365,817,000
Cost of Revenue $212,981,000
Gross Profit $152,836,000
Operating Expenses
Research and Development $21,914,000
Sales, General and Admin. $21,973,000
Non-Recurring Items --
Other Operating Items --
Operating Income $108,949,000
Add'l income/expense items $258,000
Earnings Before Interest and Tax $109,207,000
Interest Expense --
Earnings Before Tax $109,207,000
Income Tax $14,527,000
Minority Interest --
Equity Earnings/Loss Unconsolidated Subsidiary --
Net Income-Cont. Operations $94,680,000
Net Income $94,680,000
Net Income Applicable to Common Shareholders $94,680,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Horngrens Financial and Managerial Accounting

Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura

5th edition

9780133851281, 013385129x, 9780134077321, 133866297, 133851281, 9780133851298, 134077326, 978-0133866292

More Books

Students also viewed these Accounting questions

Question

Do not get married, wait until I come, etc.

Answered: 1 week ago

Question

Do not come to the conclusion too quickly

Answered: 1 week ago

Question

Engage everyone in the dialogue

Answered: 1 week ago