The Regal Cycle Company manufactures three types of bicyclesa dirt bike, a mountain bike, and a racing bike Data on sales and expenses for the past quarter follow Total Dirt Bikes Mountain Bikes Racing Bikes Sales $ 918,000 $ 262,000 $ 401,000 $ 255,000 Variable manufacturing and selling expenses 480,000 113,000 208,000 159,000 Contribution margin 438,000 149,000 193,000 96,000 Fixed expenses Advertising, traceable 69,100 8,300 40,600 20,200 Depreciation of special equipment 44,300 20,500 7,900 15,900 Salaries of product line managers 115,000 40,900 38,200 35,900 Allocated common fixed expenses 183,600 52,400 80,200 51,000 Total fixed expenses 412,000 122,100 166,900 123,000 Net operating income (loss) $ 26,000 $ 26,900 $ 26,100 $ (27,000)

Question

The Regal Cycle Company manufactures three types of bicyclesa dirt bike, a mountain bike, and a racing bike  Data on sales and expenses for the past quarter follow  Total Dirt Bikes Mountain Bikes Racing Bikes Sales $ 918,000 $ 262,000 $ 401,000 $ 255,000 Variable manufacturing and selling expenses 480,000 113,000 208,000 159,000 Contribution margin 438,000 149,000 193,000 96,000 Fixed expenses  Advertising, traceable 69,100 8,300 40,600 20,200 Depreciation of special equipment 44,300 20,500 7,900 15,900 Salaries of product line managers 115,000 40,900 38,200 35,900 Allocated common fixed expenses  183,600 52,400 80,200 51,000 Total fixed expenses 412,000 122,100 166,900 123,000 Net operating income (loss) $ 26,000 $ 26,900 $ 26,100 $ (27,000)

Accepted Answer

The Answer is in the image, click to view ...

Question

The Regal Cycle Company manufactures three types of bicyclesa dirt bike, a mountain bike, and a racing bike. Data on sales and expenses for the

Step by Step Solution

Step: 1

Get Instant Access to Expert-Tailored Solutions

Step: 2

Step: 3

Ace Your Homework with AI

Recommended Textbook for

Managerial Accounting

Students also viewed these Accounting questions

Question

Question

Question

Question

Question

Question

Question

Question

Question