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If you could answer 1&2, Thanks!!!! Chapter 5 1. Presented below are the major categories or captions that would appear on an income statement prepared
If you could answer 1&2, Thanks!!!!
Chapter 5 1. Presented below are the major categories or captions that would appear on an income statement prepared in the variable costing format: Contribution margin Fixed costs Income from operations Manufacturing margin Sales Variable cost of goods sold Variable selling and administrative expenses (a) Arrange the above captions in the proper order in accordance with the variable costing concept. (b) Which of the captions represents (1) the difference between sales and the total of all the variable costs and expenses and (2) the remaining amount of revenue available for fixed manufacturing costs, fixed expenses, and net income? ete Ce 2. Tony's Company has the following information for March: Sales $1,000,000 Variable cost of goods sold 490,000 Fixed manufacturing costs 170,000 Variable selling and administrative 112,000 expenses Fixed selling and administrative expenses 100000 er Determine the March (a) manufacturing margin, (b) contribution margin, and (c) income from operations for Tonys Company. 3. On January 1 of the current yearTownsend Co. commenced operations. It operated its plant at 100% of capacity anian manner. The following data summarized the results for JanuaryStep by Step Solution
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