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HELP for the 3rd pic. round those numbers to nearest whole percentage - for the last pic round to 2 decimals Check my work The
HELP for the 3rd pic. round those numbers to nearest whole percentage - for the last pic round to 2 decimals
Check my work The following costs result from the production and sale of 4,150 drum sets manufactured by Tight Drums Company for the year ended December 31. The drum sets sell for $265 each $ 83,000 352,750 120,350 74,700 Variable costs Plastic for casing Wages of assembly workers Drun stands Sales commissions Fixed costs Taxes on factory Factory maintenance Factory machinery depreciation Lease of equipment for sales staff Accounting staff salaries Administrative salaries 11, See 23,000 83, cee 23,000 73, eee 153,000 Required: 1. Prepare a contribution margin income statement for the year 2. Compute contribution margin per unit and contribution margin ratio 3. For each dollar of sales, how much is left to cover fixed costs and contribute to income? Complete this question by entering your answers in the tabs below. Contribution Margin Income Statement For Year Ended December 31 Sales Variable costs: Contribution margin Fixed costs Income Saved TIGHT DRUMS COMPANY Contribution Margin Income Statement (partial) For Year Ended December 31 Per Unit Sales Variable costs: Total variable costs Contribution margin Step by Step Solution
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