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I need help filling out the charts for Req 1 A and Req 1 B . These are two separate charts / parts of the
I need help filling out the charts for Req A and Req B These are two separate chartsparts of the problem. Req A chart is the Income Statement for April and Req B chart is the Income Statement for May. Please help me fill out both Req A and Req B entire charts: the lefthand column lables, the "Amount" and part of the chart, and the Standard Deluxe and Total part of the chart.
These are the options for the lefthand colomns:
Administrative, Advertising, Cost of goods sold, Depreciation, Direct labor, Direct materials, Ending merchandise inventory, Indirect labor, Indirect materials, Manufacturing overhead, Production, Purchases, Sales, Sales commission
Can you also help with Req B where it asks "Would the breakeven point in May be higher or lower than the breakeven point in April?" The options are yes and no
Here is the entire problem if needed:
Carbex, Inc., produces cutlery sets out of highquality wood and steel. The company makes a Standard set and a Deluxe set and sells them to retail department stores throughout the country. The Standard set sells for $ and the Deluxe set sells for $ The variable expenses associated with each set are given below.
Standard Deluxe
Variable production costs $ $
Sales commissions of sales price $ $
The companys fixed expenses each month are:
Advertising $
Depreciation $
Administrative $
Mary Parsons, the financial vice president, watches sales commissions carefully and has noted that they have risen steadily over the last year. For this reason, she was shocked to find that even though sales have increased, profits for the current monthMayare down substantially from April. Sales, in sets, for the last two months are given below:
Standard Deluxe Total
April
May
Required:
a Prepare contribution format income statements for April.
b Prepare contribution format income statements for May.
a Compute the breakeven point in dollar sales for April.
b Would the breakeven point in May be higher or lower than the breakeven point in April?Prepare contribution format income statements for April. Round your "Percentage" answers to decimal place ie should be entered
as
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