Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

If 2,000 units remain unsold at the end of the month and sales total $300,000 for the month, what is the amount of the contribution

image text in transcribed
If 2,000 units remain unsold at the end of the month and sales total $300,000 for the month, what is the amount of the contribution margin that would be reported on the variable costing income statement? 5104,000 3140,000 not reported 16. A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (10,000 units): Direct materials Direct labor Variable factory overhead Fixed factory overhead $140,000 40,000 20,000 4.000$204,000 Operating expenses: Variable operating expenses Fixed operating expenses S 34,000 2,000 36,000 If 2,000 units remain unsold at the end of the month and sales total $300,000 for the month, what would be the amount of income from operations reported on the variable costing income statement? 100,800 114,800 S140,000 17. If sales totaled $200,000 for the current year (10,000 units at $20 each) and planned sales totaled $212,500 (12,500 units at S17 each), the effect of the unit price factor on the change in sales is a: $30,000 12,500 increase $7,500 increase $30,000 decrease ase tba oold at a nrice of Su s0 per unit. The desired

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting

Authors: Jill Collis

1st Edition

1137335882, 978-1137335883

More Books

Students also viewed these Accounting questions

Question

What shorter and longer-term career goals spark your interest?

Answered: 1 week ago