HW Score: 30.00%, 3.97 of 10 points Points 0.73 of 3 Save = Homework: Chapter 6 HW 9 LO 1,2,6 Question 5, 66-42A (simil... Puto The data trattolowa pertanto imara marutture of winning progle (the company has to beginning on the contaw the data) Read the Requirement 1. Prepare both conventional (abasrotan penting and combaton maron vartabile conting) income were to swimmer for the year Bag with a convention on tung come aroment. Swimmer Income Statement(Absorption Costing For the Year Ended December 31 Data Table Soleret 510,760.000 Less Controls add 6.400.000 Sales Gross 3.757.000 Variable manufacturing expense per unit $ 17 Los Operating expens 2.671.000 Sales comision expense per 11 Operating con 10.00 Food manufacturing overhias 5220000 Fived operating en Now les prepare the contribution margin varuble contra come telemont winner or the year 240 000 Number of reduced 235.000 Swimur Number of peoplesso 221.000 Centribution Margin (Variable Costing Income Statement For the Year Ended December 31 Print Done Help Me Solve This Video Get More Help Check Answer 1 ne sta Requirements at 1. Prepare both conventional (absorption costing) and contribution margin (variable costing) income statements for Swimmer for the year. 2. Which statement shows the higher operating income? Why? 3. The company marketing vice president believes a new sales promotion that costs $135,000 would increase sales to 235,000 goggles. Should the company go ahead with the promotion? Give your reason. pg ex pens lover Print Done hses Fodu Number or goggles sold Now let's prepare the contribution margin (variable costing) income statement for Swimmer for the year. Swimmer Contribution Margin (Variable Costing) Income Statement For the Year Ended December 31 Sales revenue Less: Fixed expenses Variable expenses Variable cost of goods sold Less: Fixed manufacturing overhead Step Instructions Points Possible 1 7 1. Using the traditional format, prepare Farnsworth's projected income statement for July assuming 4,260 garments are cleaned during the month. (Always use cell references and formulas where appropriate to recelve full credit. If you copy/paste from the Instruction tab you will be marked wrong.) a Check your speling carefully and do not abbreviate. b. Enter all amounts as positive values. Do not use a minus sign or parentheses for any values to be subtracted. 2. Using the contribution margin format, prepare Farnsworth's projected Income statement for July assuming 4,260 garments are cleaned during the month. (Always use cell references and formulas where appropriate to receive full credit. If you copy/paste from the Instruction tab you will be marked wrong.) Check your spelling carefully and do not abbreviate. b. Enter all amounts as positivo values. Do not use a minus sign or parentheses for any values to be subtracted. 2 13 I Total Points 20
