Answered step by step
Verified Expert Solution
Question
1 Approved Answer
I still have question number 2? how to do with that? Medical Supplies Division Variable Costing Income Statements For the Previous 3 Years Year 1
I still have question number 2? how to do with that?
Medical Supplies Division Variable Costing Income Statements For the Previous 3 Years Year 1 Year 2 $ 80,000 $ 100,000 Sales Year 3 $ 120,000 Less: Variable cost of goods sold -31,200 40,000 -47,800 Variable selling expense -3,200 -5,000 -6,000 Contribution margin 45,600 $ 55,000 $ 66,200 Less: Fixed overhead -29,000 -30,000 -30,000 -10,000 Other fixed costs -9,000 -10,000 Operating income 7,600 $ 15,000 $ 26,200 Feedback Check My Work 2a. Use a contribution margin format income statement. 2b. What is the difference between the absorption-costing and variable-costing incomes? Medical Supplies Division Variable Costing Income Statements For the Previous 3 Years Year 1 Year 2 $ 80,000 $ 100,000 Sales Year 3 $ 120,000 Less: Variable cost of goods sold -31,200 40,000 -47,800 Variable selling expense -3,200 -5,000 -6,000 Contribution margin 45,600 $ 55,000 $ 66,200 Less: Fixed overhead -29,000 -30,000 -30,000 -10,000 Other fixed costs -9,000 -10,000 Operating income 7,600 $ 15,000 $ 26,200 Feedback Check My Work 2a. Use a contribution margin format income statement. 2b. What is the difference between the absorption-costing and variable-costing incomesStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started