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Please help me! Carbex, Inc, produces cutlery sets out of high-quality wood and steel. The company makes a standard cuery set and a deluxe set
Please help me! Carbex, Inc, produces cutlery sets out of high-quality wood and steel. The company makes a standard cuery set and a deluxe set and sells them to retail department stores throughout the country. The standard set sells for $100, and the deluxe set sells for $115. The variable expenses associated with each set are given below Production costs Sales commissions(35% ofsales price) 35.00 $ 50.00 S4025 S3500 The company's fixed expenses each month are 125,000 Advertising Depreciation Administrative S 27,700 $ 73,000 Salespersons are paid on a commission basis to encourage them to be aggressive in their sales eforts. Mary Parsons, the fnancial vice president watches sales commissions caretully and has that they have risen steadily over the last year. For this reason, she was shocked to find that even tches sales commissions carefully and has noted hough sales have increased profts for the current month-May-are down substanbally f om April. Sales, in setsforthe last two months are given below April May Standard, Deluxe Total 6,000 4000 10,000 3,000 7,000 10,000 Required: 1-a Prepare conthbuton format income statements for April. Round "Total percenr answers to 1 decamal place (ie 1234 should be entered at 12.3). Carbex, Inc Contribution Income Statement for Aprial essS Standard Deluxe Total Amount Amount % Amount Variable eipenses otal vaniabre expenses Fixed expenses
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