hoge the theoretical tools are shown For the Athens the Womation or sit X 2 were Data table c en behande Cebutin Margin income Statement For the Year End December 2 3 4 Elegant Trane income statement Abortion For You Ende Dember 0.000 1 900 ED Celoden Vigningepenses Ort S 2000 15.125 1890 Other pe Conectory 0000 375.00 and mange 9 Wome 1a Orten 1. Cinco 17430 142430 5 17.000 we ang mga 35.400 11.3437 15.00 Order Operating in 3114012 Print Done The awards at lowa pertanto Bhadya marutachure of aming goggles a company had no beginning inventory click on the data) Requirement 1. Pron conventionat care conting) e contribution margin (varate coating) income statements for Shaay for the year begin with the convention (ortion conting commitment Study Income Statement(Absorption Costing) For the Year Ended December 31 Les Leporting expenses Det gint shop setting exe petrelated tomonine. The shop hou no physical location Results for last year are shown next n-making purposes, the owner of Elega oling and marketing expenses con wered. Based on this information - X Fat Since Elegant Elephants onting only of its cost of goods said Marketing expenses and 25% of the website spent were variator Data table B Elephants in Income Statement aded December 31 999,000 569,000 29.020 1 Elegant Elephants 2 Traditional Income Statement (Absorption Costing) 3 For the Year Ended December 31 4 Sales revenue $ 999,000 5 Less: Cost of goods sold 660.000 6 Gross profit 5 330.000 7 Loss operating expenses 8 Seling and marketing expenses $ 64 500 9 Website maintenance expenses G0 500 10 Other operating expenses 17 400 142.400 $ 187,600 11 Operating income keting expenses ance expenses expenses 15.125 1740 375.855 ting expenses mce expenses penses 35.480 15,343.75 15.660 Print Done 313,401.25 Elegant Elephants is a specialty pet it shop selling exotic petrolated items online. The shop has no physical bcation Results for last year are shown next Both on to view the routs For normal planning and decision making purposes, the owner of Elegant Elephants would like to translate the company's income statement into the controuson Margin format. Since Bogart Elephants is online only, all of its cost of goods sold is variable. A large portion of the selling and marketing scene consists of trout ou charges (50,200, which were so variable. Orly 20% of the containing sing and marketing excess and 28 of these experts were verlable. the other operating experts, 90% were fad. Based on this information, prepara gant Elephants contribution margin income talent for last year Data table Elegant Elephants Contribution Margin Income Stamment For the Year Ended December 31 Sacs 0.000 Less Variable expenses Cast of goods sold DO Variable sing and rating pero 29.000 Variable date mantare pents 15125 Orari penting Contribution margin 375.30 LF Food sergand more expenses 35.480 Find blame 11.34375 15.00 315.000 Opring reme 1 Elegant Elephants 2 Traditional Income Samant (Absorption Costing 3 For the Year Ended December 31 & 599.000 5 Los Dos de DO is role 5 330,000 7 Les pering expenses 8 Sing and marketing expenses S 64509 Wanneer 60 SOD 10 Ohrringe 142.400 11 Open 17.00 11400 The amual data that follows pertain to Shady, a manufacturer of swimming goggles (the company had no beginning inventory (Click the icon to view the data) Read the regirements Requirement 1. Prepare both conventional (absorption costing and contribution margin (variable costing) encome statements for Shady for the year. Begin with the conventional (absorption conting) Income statement Shady Income Statement (Absorption Costing) For the Year Ended December 31 Les Operating expenses cid so lon X Since Precious Pets rketing expenses and Data table A B 1 Precious Pets 2 Traditional Income Statement (Absorption Costing) For the Year Ended December 31 4 Sales revenue $ 993,000 672,000 $ 321,000 5 Less: Cost of goods sold 6 Gross profit 7 Less operating expenses: 8 Selling and marketing expenses 9 Website maintenance expenses 10 Other operating expenses 11 Operating income $ 63,000 60,500 17,400 3 140,900 $ 180,100 Print Done Precious Pets is a specialty pet gift shop selling exotic pet-related items online. The shop has no physical location. Resul Click the icon to view the results.) For internal planning and decision-making purposes, the owner of Precious Pets would like to translate the company's inc variable. A large portion of the selling and marketing expenses consists of freight-out charges ($20,800), which were also the other operating expenses, 90% were fixed. Based on this information, prepare Precious Pets' contribution margin ince ation. Results for last year are shown next: ompany's income statement into the contribution margin format. Since Precious Pets is online only, all of its cost of goods sold is ch were also variable. Only 20% of the remaining selling and marketing expenses and 25% of the website expenses were variable, or margin income statement for last year. Precious Pets Contribution Margin Income Statement For the Year Ended December 31 Sales revenue 993,000 Less: Variable expenses Cost of goods sold Variable selling and marketing expenses Variable website maintenance expenses 672,000 29,240 15,125 17.400 259,235 Other variable operating expenses Contribution margin Less: Fixed expenses Fixed selling and marketing expenses Fixed website maintenance expenses 33,760 45,375 15,660 Other fixed operating expenses Operating income 164,440 -1- ALE das C > = Homework: Graded Chapter 6 HW Question 1, E6-38A (similar to) HW Sco Poir Precious Pets in a speciality pet gift shop selling exotic pet-related items online. The shop has no physical location. Results for last year are shown next Click the icon to view the results.) For internal planning and decision-making purposes, the owner of Precious Pets would like to translate the company's income statement into the contribution margin formats variable. A large portion of the selling and marketing expenses consists of freight-out charges ($20,800), which were also variable. Only 20% of the remaining selling al mare the other operating expenses, 90% were fixed. Based on this information, prepare Precious Pets' contribution margin income statement for last year. The shop has no physical location. Results for last year are shown next: would like to translate the company's income statement into the contribution margin femat. Since Precious Pets is online only, all of its cost of goods sold is tout charges ($20,800), which were also variable. Only 20% of the remaining selling and marketing expenses and 25% of the website expenses were variable of are Precious Pets' contribution margin income statement for last year wner of Precio ses consists is information - X Since Precious Pets is online only, all of its cost of goo |rketing expenses and 25% of the website expenses w Data table B c 993,000 1 Precious Pets 2 Traditional Income Statement (Absorption Costing) 3 For the Year Ended December 31 4 Sales revenue $ 993,000 5 Loss: Cost of goods sold 672,000 6 Gross profit $ 321,000 7 Less operating expenses 8 Selling and marketing expenses $ 63,000 9 Website maintenance expenses 60,500 10 Other operating expenses 17.400 140.900 $ 180,100 11 Operating income 672,000 29,240 15,125 17,400 259,235 hoge the theoretical tools are shown For the Athens the Womation or sit X 2 were Data table c en behande Cebutin Margin income Statement For the Year End December 2 3 4 Elegant Trane income statement Abortion For You Ende Dember 0.000 1 900 ED Celoden Vigningepenses Ort S 2000 15.125 1890 Other pe Conectory 0000 375.00 and mange 9 Wome 1a Orten 1. Cinco 17430 142430 5 17.000 we ang mga 35.400 11.3437 15.00 Order Operating in 3114012 Print Done The awards at lowa pertanto Bhadya marutachure of aming goggles a company had no beginning inventory click on the data) Requirement 1. Pron conventionat care conting) e contribution margin (varate coating) income statements for Shaay for the year begin with the convention (ortion conting commitment Study Income Statement(Absorption Costing) For the Year Ended December 31 Les Leporting expenses Det gint shop setting exe petrelated tomonine. The shop hou no physical location Results for last year are shown next n-making purposes, the owner of Elega oling and marketing expenses con wered. Based on this information - X Fat Since Elegant Elephants onting only of its cost of goods said Marketing expenses and 25% of the website spent were variator Data table B Elephants in Income Statement aded December 31 999,000 569,000 29.020 1 Elegant Elephants 2 Traditional Income Statement (Absorption Costing) 3 For the Year Ended December 31 4 Sales revenue $ 999,000 5 Less: Cost of goods sold 660.000 6 Gross profit 5 330.000 7 Loss operating expenses 8 Seling and marketing expenses $ 64 500 9 Website maintenance expenses G0 500 10 Other operating expenses 17 400 142.400 $ 187,600 11 Operating income keting expenses ance expenses expenses 15.125 1740 375.855 ting expenses mce expenses penses 35.480 15,343.75 15.660 Print Done 313,401.25 Elegant Elephants is a specialty pet it shop selling exotic petrolated items online. The shop has no physical bcation Results for last year are shown next Both on to view the routs For normal planning and decision making purposes, the owner of Elegant Elephants would like to translate the company's income statement into the controuson Margin format. Since Bogart Elephants is online only, all of its cost of goods sold is variable. A large portion of the selling and marketing scene consists of trout ou charges (50,200, which were so variable. Orly 20% of the containing sing and marketing excess and 28 of these experts were verlable. the other operating experts, 90% were fad. Based on this information, prepara gant Elephants contribution margin income talent for last year Data table Elegant Elephants Contribution Margin Income Stamment For the Year Ended December 31 Sacs 0.000 Less Variable expenses Cast of goods sold DO Variable sing and rating pero 29.000 Variable date mantare pents 15125 Orari penting Contribution margin 375.30 LF Food sergand more expenses 35.480 Find blame 11.34375 15.00 315.000 Opring reme 1 Elegant Elephants 2 Traditional Income Samant (Absorption Costing 3 For the Year Ended December 31 & 599.000 5 Los Dos de DO is role 5 330,000 7 Les pering expenses 8 Sing and marketing expenses S 64509 Wanneer 60 SOD 10 Ohrringe 142.400 11 Open 17.00 11400 The amual data that follows pertain to Shady, a manufacturer of swimming goggles (the company had no beginning inventory (Click the icon to view the data) Read the regirements Requirement 1. Prepare both conventional (absorption costing and contribution margin (variable costing) encome statements for Shady for the year. Begin with the conventional (absorption conting) Income statement Shady Income Statement (Absorption Costing) For the Year Ended December 31 Les Operating expenses cid so lon X Since Precious Pets rketing expenses and Data table A B 1 Precious Pets 2 Traditional Income Statement (Absorption Costing) For the Year Ended December 31 4 Sales revenue $ 993,000 672,000 $ 321,000 5 Less: Cost of goods sold 6 Gross profit 7 Less operating expenses: 8 Selling and marketing expenses 9 Website maintenance expenses 10 Other operating expenses 11 Operating income $ 63,000 60,500 17,400 3 140,900 $ 180,100 Print Done Precious Pets is a specialty pet gift shop selling exotic pet-related items online. The shop has no physical location. Resul Click the icon to view the results.) For internal planning and decision-making purposes, the owner of Precious Pets would like to translate the company's inc variable. A large portion of the selling and marketing expenses consists of freight-out charges ($20,800), which were also the other operating expenses, 90% were fixed. Based on this information, prepare Precious Pets' contribution margin ince ation. Results for last year are shown next: ompany's income statement into the contribution margin format. Since Precious Pets is online only, all of its cost of goods sold is ch were also variable. Only 20% of the remaining selling and marketing expenses and 25% of the website expenses were variable, or margin income statement for last year. Precious Pets Contribution Margin Income Statement For the Year Ended December 31 Sales revenue 993,000 Less: Variable expenses Cost of goods sold Variable selling and marketing expenses Variable website maintenance expenses 672,000 29,240 15,125 17.400 259,235 Other variable operating expenses Contribution margin Less: Fixed expenses Fixed selling and marketing expenses Fixed website maintenance expenses 33,760 45,375 15,660 Other fixed operating expenses Operating income 164,440 -1- ALE das C > = Homework: Graded Chapter 6 HW Question 1, E6-38A (similar to) HW Sco Poir Precious Pets in a speciality pet gift shop selling exotic pet-related items online. The shop has no physical location. Results for last year are shown next Click the icon to view the results.) For internal planning and decision-making purposes, the owner of Precious Pets would like to translate the company's income statement into the contribution margin formats variable. A large portion of the selling and marketing expenses consists of freight-out charges ($20,800), which were also variable. Only 20% of the remaining selling al mare the other operating expenses, 90% were fixed. Based on this information, prepare Precious Pets' contribution margin income statement for last year. The shop has no physical location. Results for last year are shown next: would like to translate the company's income statement into the contribution margin femat. Since Precious Pets is online only, all of its cost of goods sold is tout charges ($20,800), which were also variable. Only 20% of the remaining selling and marketing expenses and 25% of the website expenses were variable of are Precious Pets' contribution margin income statement for last year wner of Precio ses consists is information - X Since Precious Pets is online only, all of its cost of goo |rketing expenses and 25% of the website expenses w Data table B c 993,000 1 Precious Pets 2 Traditional Income Statement (Absorption Costing) 3 For the Year Ended December 31 4 Sales revenue $ 993,000 5 Loss: Cost of goods sold 672,000 6 Gross profit $ 321,000 7 Less operating expenses 8 Selling and marketing expenses $ 63,000 9 Website maintenance expenses 60,500 10 Other operating expenses 17.400 140.900 $ 180,100 11 Operating income 672,000 29,240 15,125 17,400 259,235