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Jones Manufacturing's cost accountant has provided you with the following information for January operations: Direct materials $ 33 per unit Fixed manufacturing overhead costs $
Jones Manufacturing's cost accountant has provided you with the following information for January operations:
Direct materials | $ | 33 | per unit |
Fixed manufacturing overhead costs | $ | 217,000 | |
Sales price | $ | 200 | per unit |
Variable manufacturing overhead | $ | 19 | per unit |
Direct labor | $ | 32 | per unit |
Fixed marketing and administrative costs | $ | 205,000 | |
Units produced and sold | 5,100 | ||
Variable marketing and administrative costs | $ | 9 | per unit |
Required: | |
(a) | Prepare a gross margin income statement. (Input all amounts as positive values. Omit the "$" sign in your response.) |
(b) | Prepare a contribution margin income statement. (Input all amounts as positive values. Omit the "$" sign in your response.) |
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