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I really need help with this ASAP.I will rate you if correct (please be correct) - Accounting Income Statement - Cover-to-Cover Cover-to-Cover Company Contribution Margin
I really need help with this ASAP.I will rate you if correct (please be correct) - Accounting
Income Statement - Cover-to-Cover
Cover-to-Cover Company Contribution Margin Income Statement For the Year Ended December 31, 20Y8 | ||
Sales | $419,000 | |
Variable costs: | ||
Manufacturing expense | $251,400 | |
Selling expense | 20,950 | |
Administrative expense | 62,850 | (335,200) |
Contribution margin | $83,800 | |
Fixed costs: | ||
Manufacturing expense | $5,000 | |
Selling expense | 4,000 | |
Administrative expense | 11,950 | (20,950) |
Operating income | $62,850 |
Income Statement - Biblio Files
Biblio Files Company Contribution Margin Income Statement For the Year Ended December 31, 20Y8 | ||
Sales | $419,000 | |
Variable costs: | ||
Manufacturing expense | $167,600 | |
Selling expense | 16,760 | |
Administrative expense | 67,040 | (251,400) |
Contribution margin | $167,600 | |
Fixed costs: | ||
Manufacturing expense | $86,750 | |
Selling expense | 8,000 | |
Administrative expense | 10,000 | (104,750) |
Operating income | $62,850 |
Sales Mix
Biblio Files Company is making plans for its next fiscal year, and decides to sell two new types of bookshelves, Basic and Deluxe. The company has compiled the following estimates for the new product offerings.
Type of Bookshelf | Sales Price per Unit | Variable Cost per Unit |
Basic | $5.00 | $1.75 |
Deluxe | 9.00 | 8.10 |
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