Instructions Labels and Amount Descriptions Contribution Margin Analysis Instructions The following data for Romero Products Inc. are available: For the Year Ended December 31 Actual Planned Difference- Increase or (Decrease) $100,000.00 2 Sales $9,120,000.00 $9,020,000.00 3 Variable costs: Variable cost of goods sold Variable selling and administrative expenses $3,363,000.00 703,000.00 $4,066,000.00 $5,054,000.00 38,000.00 $3,136,500.00 840,500.00 $3,977,000.00 $5,043,000.00 $226,500.00 (137,500.00) $89,000.00 Total variable costs $11,000.00 7 Contribution margin 8 Number of units sold 41,000.00 9 Per unit: 10 Sales price $240.00 $220.00 Calculator Contribution margin analysis-variable costs Instructions Labels and Amount Descriptions Contribution Margin Analysis Instructions Variable cost of goods sold 5 Variable selling and administrative expenses $3,363,000.00 703,000.00 $4,066,000.00 $5,054,000.00 $3,136,500.00 340,500.00 $5,977,000.00 $5,043,000.00 41,000.00 $226,500.00 (137,500.00) $89,000.00 $11,000.00 Total variable costs 1 Contribution margin 8 Number of units sold 38,000.00 9 Per unit: 10 Sales price 11 12 Variable cost of goods sold Variable selling and administrative expenses $240.00 88.50 18.50 $220.00 76.50 20.50 Prepare a contribution margin analysis of the variable costs for Romero Products Inc. for the year ended December 31. Refer to the lists of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. Be sure to complete the statement heading. A colon () will do automatically appear if it is required. For those boxes in which you must enter subtracted or negative numbers use a minus sign. Vote in Labels and Amount Descriptions Labels December 31 Effect of changes in sales Effect of changes in variable cost of goods sold Effect of changes in variable selling and administrative expenses For the Year Ended December 31 Amount Descriptions Decrease in contribution margin from change in variable costs Increase in contribution margin from change in variable costs Sales quantity factor Total effect of changes in variable cost of goods sold Total effect of changes in selling and administrative expenses Unit cost factor Unit price factor Variable cost quantity factor Instructions Labels and Amount Descriptions Com L agu Analysis Contribution Margin Analysis automatically appear if it is required. For those boxes in which you must enter subtracted or negative numbers use a minus sign. Romero Products Inc. Contribution Margin Analysis-Variable Costs (Label) 1 (Label) Label