Using the information listed below, can you make contribution income statement, COGS and rent are variable costs.

Fantastic news! We've Found the answer you've been seeking!

Question:

Using the information listed below, can you make contribution income statement, COGS and rent are variable costs. Registration cost and wages are fixed. After, it is expected for sales to increase by 20% see forecast OP schedule, can you make another schedule forecast in the contribution margin income statement form.

Schedule of Operating Profit:

Sales in 2019 15000

COGS 9300

Gross Margin 5700

Other costs:

Registration cost 1000

Rent 770

Wages 300

Operating Profit 3630

Forecasted operating profit schedule:

Operating profit 3630

Sales in 2019 15000

OP as a % of sales 24.2%

Forecasted sales 18000

Forecasted operating profit 4356

Posted Date: Jun 28, 2024 09:54 PM

See More Questions

You have been asked to conduct a cost-finding analysis for your practice. One of the first activities you undertake is the classification of costs into direct and indirect categories. Explain how you...
Early in September 1983, it took 245 Japanese yen to equal $1. Nearly 25 years later, in May 2008, that exchange rate had fallen to 103.5 yen to $1. Assume that the price of a Japanese-manufactured...
Table 8.1 Seller A Offer Price (5) Quantity (shares) Stock Market Price for Google (5) 900 SO 950 950 100 950 1,000 150 950 Refer to Table 8.1. The perfectly competitive for shares of Google stock is...
Marta hired Foley Painters to paint her house the specific color of "midnight blue." Unfortunately, Foley painter her house "royal blue," which is a different hue. If Foley refuses to fix the contract
A wastewater flow of 3550 m 3 /d is to be treated in a facultative pond system. The reaction rate coefficient at the average operating temperature is 0.35 d -1 . The pond system is assumed to behave...
Provide a brief overview using these environmental scanning steps as a guide: 1. Choose an industry of your interest such as technology, healthcare, retail, energy, etc. 2. Identify and briefly...
Your company is considering expanding into a new international market. Describe the market research you would conduct to evaluate the feasibility of entering this market, including factors such as...
Address the following from your Social Era research and the course scholarly literature: What are the key foundational underpinnings that shape the essence of what we call the social management era?...
You are expected to suggest several functional tactics and how these short-term activities are used to achieve short term objectives and establish a competitive advantage. Within the general...

Using the information listed below, can you make contribution income statement, COGS and rent are variable costs.

Question:

Expert Answer:

Students also viewed these accounting questions