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I have the first part completed so that is not what i need help with i am just posting the entire question so that you
I have the first part completed so that is not what i need help with i am just posting the entire question so that you can see what i have done and can explain to me how to find the gross contribution margin and contribution margin and the rest of the blanks please.
O Appliance Mops has the following costs associated with its production and sale of devices that allow appliances to receive commands from cell phones Beginning Twentory Units Produced 24,000 Uhus Sod 19.200 Seng Price per Unit $145 Varvabile sales and An Expenses 54 Twees and Administrationen 1931,200 Dr M Couperin Diret Labo Con Unit Vanable Manultung Overhead Coupon ed Manufacturig Overhead Cook per Month $3,400 nder the wormed it an amount of any brave of Man Appliance App SERBIA Cool Prepare an income statement under the absorption method. If an amount box does not require an entry, leave it olank. Appliance Apps Income Statement: Absorption 2,784,000 Sales Cost of Goods Sold: Beginning Inventory 0 1,898,400 Cost of Goods Manufactured 1,898,400 Cost of Goods Available for Sale 379,680 Ending Inventory 1,518,720 Total Cost of Goods Sold 1,265,280 Gross Profit Sales and Administrative Expenses: Variable 76,800 931,200 Fixed 1,000,000 Total Fixed Sales and Administrative Expenses 257.280 Net Operating Income Appliance Apps Income Statement: Variable Sales 2,784,000 Cost of Goods Sold: Beginning Inventory 0 960,000 Cost of Goods Manufactured Cost of Goods Available for Sale 960,000 192,000 ^ Ending Inventory CODE OBO 768,000 Total Cost of Goods Sold Step by Step Solution
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