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Need help with operating expenses, total variable expenses, contribution margin and fixed operating expenses. The price per units are correct. The sales revenue, operating income
Need help with operating expenses, total variable expenses, contribution margin and fixed operating expenses. The price per units are correct. The sales revenue, operating income and COGS are also correct
The Blossom Company sells sports decals that can be personalized with a player's name, team name, and jersey number for $25 each. Blossom buys the decals from a supplier for $8 each and spends an additional $2 in variable operating costs per decal. The results of last month's operations are as follows: $ 12,000 3,016 Sales revenue Cost of goods sold Gross profit Operating expense Operating income 8,984 2,686 6,298 $ Prepare a contribution format income statement for the Blossom Company. (Round per unit values to 2 decimal places, e.g. 52.75 and final answers to 0 decimal places, 5,725.) Per Unit Sales Revenue $ 12000 $ 25 Variable Expenses Cost of Goods Sold $ 3016 8 Operating Expenses 754 2 Total Variable Expenses 3770 10 Contribution Margin 8230 $ 15 Fixed Operating Expenses 1932 Prepare a contribution format income statement for the Blossom Company. (Round per unit values to 2 decimal places, e.g. 52.75 and final answers to 0 decimal places, 5,725.) Per Unit Sales Revenue $ 12000 $ 25 Variable Expenses Cost of Goods Sold $ 3016 8 Operating Expenses 754 2 Total Variable Expenses 3770 10 Contribution Margin 8230 $ 15 Fixed Operating Expenses 1932 Operating Income $ 6298 The Blossom Company sells sports decals that can be personalized with a player's name, team name, and jersey number for $25 each. Blossom buys the decals from a supplier for $8 each and spends an additional $2 in variable operating costs per decal. The results of last month's operations are as follows: $ 12,000 3,016 Sales revenue Cost of goods sold Gross profit Operating expense Operating income 8,984 2,686 6,298 $ Prepare a contribution format income statement for the Blossom Company. (Round per unit values to 2 decimal places, e.g. 52.75 and final answers to 0 decimal places, 5,725.) Per Unit Sales Revenue $ 12000 $ 25 Variable Expenses Cost of Goods Sold $ 3016 8 Operating Expenses 754 2 Total Variable Expenses 3770 10 Contribution Margin 8230 $ 15 Fixed Operating Expenses 1932 Prepare a contribution format income statement for the Blossom Company. (Round per unit values to 2 decimal places, e.g. 52.75 and final answers to 0 decimal places, 5,725.) Per Unit Sales Revenue $ 12000 $ 25 Variable Expenses Cost of Goods Sold $ 3016 8 Operating Expenses 754 2 Total Variable Expenses 3770 10 Contribution Margin 8230 $ 15 Fixed Operating Expenses 1932 Operating Income $ 6298Step by Step Solution
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