Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Exhibit 1 Income Statement for 2009 (in thousands of euros) Gross sales revenue 1,326,055 Average discount 75,585 Net Sales Revenue 1,250,470 100.00% Variable Costs Raw
Exhibit 1 Income Statement for 2009 (in thousands of euros) Gross sales revenue 1,326,055 Average discount 75,585 Net Sales Revenue 1,250,470 100.00% Variable Costs Raw materials 476,147 38.08% Other variable production costs 75,271 6.02% Total Variable Costs 551,418 44.10% Contribution Margin 699,052 55.90% Fixed Production Costs Direct labor 103,917 8.31% Other fixed production costs* 84,892 6.79% Total Fixed Production Costs 188,809 15.10% Other fixed costs Marketing and selling expenses 95,347 7.62% Administrative expenses 112,280 8.98% Depreciation and amortization expense 42,653 3.41% R&D 102,487 8.20% Other overhead expenses 56,091 4.49% Interest expense 1,235 0.10% Total Other Fixed Costs 410,093 32.80% Income Before Tax 100,150 8.01%
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started