Indien stehende het her towe Mme Variatet Vied cost Production cos She Doctor Factory over 500.000 Advertising Travel 110,000 40.000 12.000 7.600 Otice and officers 22.000 4 10.000 2400 1 $525.000 5120 Horected that 21,075 uns will be sold at opf16 at Mummies when the 27.000 1. Prepare an estimated Income statement for 2013. Wolsey Industries Inc. Estimated Income Statement For the Year Ended December 31, 2013 Sales 0 Cost of goods sold: Direct materials Direct labor 5 Factory overhead Total cost of goods sold Gross profit Expenses: Selling expenses: Sales salaries and commissions 13,750 X 40,000 Advertising Travel Miscellaneous selling expense 12,000, Total selling expenses Administrative expenses: office and officers' salaries 132,000 Supplies Miscellaneous administrative expense Total administrative expenses Total expenses Operating income 2. What is the expected contribution margin ratio? % 3. Determine the break-even sales in units and dollars. Units units Dollars 4. Construct a cost-volume-profit chart on your own paper. What is the break-even sales? 5. What is the expected margin of safety in dollars and as a percentage of sales? Dollars Percentage (If required, round the percent to one decimal place, e.g. 15.4%.) 6. Determine the operating leverage. If required, round your answer to one decimal place, e.g. 15.4. Indien stehende het her towe Mme Variatet Vied cost Production cos She Doctor Factory over 500.000 Advertising Travel 110,000 40.000 12.000 7.600 Otice and officers 22.000 4 10.000 2400 1 $525.000 5120 Horected that 21,075 uns will be sold at opf16 at Mummies when the 27.000 1. Prepare an estimated Income statement for 2013. Wolsey Industries Inc. Estimated Income Statement For the Year Ended December 31, 2013 Sales 0 Cost of goods sold: Direct materials Direct labor 5 Factory overhead Total cost of goods sold Gross profit Expenses: Selling expenses: Sales salaries and commissions 13,750 X 40,000 Advertising Travel Miscellaneous selling expense 12,000, Total selling expenses Administrative expenses: office and officers' salaries 132,000 Supplies Miscellaneous administrative expense Total administrative expenses Total expenses Operating income 2. What is the expected contribution margin ratio? % 3. Determine the break-even sales in units and dollars. Units units Dollars 4. Construct a cost-volume-profit chart on your own paper. What is the break-even sales? 5. What is the expected margin of safety in dollars and as a percentage of sales? Dollars Percentage (If required, round the percent to one decimal place, e.g. 15.4%.) 6. Determine the operating leverage. If required, round your answer to one decimal place, e.g. 15.4
