ouTube Maps An Introduction to... M You can manage co... Worksheet eBook Calculator Contribution margin, break-even sales, cost-volume-profit chart, margin of safety, and operating leverage Instructions Labels and Amount Descriptions Income Statement Instructions Wolsey Industries Inc. expects to maintain the same inventories at the end of 2013 as at the beginning of the year. The total production costs for the year is therefore assumed to be equal to the cost of goods sold. With this in mind, the various department heads were asked to submit estimates of the costs for their departments during the year. A summary report of these estimates is as follows Estimated Fixed Cost Estimated Variable Cost (per unit sold) 2 Production costs 556.00 Direct materials 36.00 4 Direct labor 20.00 Factory overhead $194,000.00 Selling expenses 7 3100 110,000.00 Sales salaries and commissions 42,000.00 * Advertising Check My Work Save and Exit Submit Assignment for Gradir All work saved. Contribution margin, break-even sales, cost-volume-profit chart, margin of safety, and operating leverage HEETA... Instructions Labels and Amount Descriptions Income Statement Instructions Travel 13.000.00 7,000.00 1.00 10 Miscellaneous selling expense 11 Administrative expenses. 17 Office and officers' salaries 13 Supplies 14 Miscellaneous administrative expense 124,600.00 8.000.00 15.000.00 15 Total 5513,600.00 $128.00 It is expected that 21,400 units will be sold at a price of $160 a unit. Maximum sales within the relevant range are 26,275 units Required: 1. Prepare an estimated income statement for 2073. Refer to the Labels and Amount Description is provided for the exact wording of the answer choices for text entries Enteral amounts as positive values 2. What is the expected contribution margin ratio? ams Check My Work 5.71% All work saved. Save and ex Submit Assignment for re to search YouTube Maps An Introduction to... M You can manage co... ter 19 Worksheet eBook Calculator Contribution margin, break-even sales, cost-volume-profit chart, margin of safety, and operating leverage INKSHEETA... Instructions Labels and Amount Descriptions Income Statement Instructions 14 Miscellaneous administrative expense 15,000.00 1 Total $515,600.00 $12000 It is expected that 21400 units will be sold at a price of $160 a unit. Maximum sales within the relevant range are 26 275 units. Required: 1. Prepare an estimated income statement for 2073. Refer to the Labels and Amount Description of provided for the exact wording of the answer choices for text entries Enteral amounts as positive values 2. What is the expected contribution marginatio? 3. Determine the break-even sales in units and dollars. Round your answers to the nearest whole number 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? Round your answers to the nearest whole number 6. Determine the operating leverage. Round to one decimal place Check My Work Save and Exit Submit Assignment for Grading 8.71% e to search All work saved d - 432 PM e 9
