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please help! the 3rd and 4th picture are 1 question and the 5th and 6 picturs are 1 question. Contribution Margin by Segment The following
please help! the 3rd and 4th picture are 1 question and the 5th and 6 picturs are 1 question.
Contribution Margin by Segment The following data are for Elm Leaf Apparel: East West Sales volume (units): Product XX 7,500 6,600 Product YY 5,900 11,000 Sales price: Product XX $14 $13 Product YY $19 $20 Variable cost per unit: Product XX $8 $8 Product YY $11 $11 a. Determine the contribution margin for Product YY. b. Determine the contribution margin for the West Region. $ Analyzing Income under Absorption and Variable Costing Variable manufacturing costs are $109 per unit, and fixed manufacturing costs are $125,400. Sales are estimated to be 5,500 units. If an amount is zero, enter "o". Round intermediate calculations to the nearest cent and your final answers to the nearest dollar. a. How much would absorption costing operating income differ between a plan to produce 5,500 units and a plan to produce 6,600 units? b. How much would variable costing operating income differ between the two production plans? S Feedback Winslow Inc, manufactures and sells three types of shoes. The income statements prepared under the absorption costing method for the three shoes are as follows: Winslow Inc. Product Income Statements-Absorption Costing For the Year Ended December 31, 2011 Cross Training Shoes Golf Shoes Running Shoes Revenues $512,400 5322,800 $274,400 Cost of goods sold (266,400) (158,200) (183,800) Gross profit $246,000 $164,600 $90,600 Selling and administrative expenses (211,600) (118,500) (151,300) Operating income $34,400 $46,100 $(60,700) In addition, you have determined the following information with respect to allocated fixed costs Cross Golf Running Training Shoes Shoes Shoes Fixed costs Cost of goods sold $82,000 $42,000 $38,400 Selling and administrative expenses 61,500 38,700 38,400 These fixed costs are used to support all three product lines and will not change with the elimination of any one product. In addition, you have determined that the effects of inventory may be ignored The management of the company has deemed the profit performance of the running nho lineas unacceptable. As a result, it has decided to eliminate the running shoe line, Management does not expect to be able to increase sales in the other two lines. However, as a result of eliminating the running shoeline, management expects the profits of the company to increase by $60,700, a. Are management's decision and conclusions correct? b. Prepare a variable costing income statement for the three products. Enter a net loss as a negative number using a minus sign Winslow Inc. Variable Costing Income Statements-Three Product Lines For the Year Ended December 31, 20Y1 Cross Training Shoes Golf Shoes Running Shoes Revenues Variable cost of goods sold Manufacturing margin Variable selling and administrative expenses Contribution margin Fixed costs Fixed manufacturing costs Fixed selling and administrative expenses Total fixed costs Operating income (ous) LUDO QUOD LIDO Ford Absorption and Variable Costing Income Statements During the first month of operations ended July 31, Yo San Inc., manufactured 10,800 flat panel televisions, of which 9,900 were sold. Operating data for the month are summarized as follows: Sales $1,237.500 Manufacturing costs: Direct materials $637,200 Direct labor 194,400 Variable manufacturing cost 162,000 Fixed manufacturing cost 86,400 1,080,000 Selling and administrative expenses: Variable $99,000 Fixed 45,500 144,500 Required: 1. Prepare an income statement based on the absorption costing concept, YoSan Inc. Absorption Costing Income Statement For the Month Ended July 31 Sales Cost of goods sold Cost of goods manufactured Inventory, July 1 Total cost of goods sold Gross profit Selling and administrative expenses IDOL Onerating income 2. Prepare an income statement based on the variable costing concept YoSan Inc. Variable Costing Income Statement For the Month Ended July 31 Sales Variable cost of goods sold: Variable cost of goods manufactured Inventory, July 31 Total variable cost of goods sold Manufacturing margin Variable selling and administrative expenses Contribution margin Fixed costs: Fixed manufacturing costs Fixed selling and administrative expenses Total fixed costs IDOL Operating income Feedback Step by Step Solution
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