Fill in the missing amounts for the following three cases: Sales revenue. Variable cost of goods sold:
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Fill in the missing amounts for the following three cases:
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Sales revenue. Variable cost of goods sold: Direct materials.. Direct labor..... Variable selling and administrative costs. Contribution margin. Gross margin Fixed selling and administrative costs* Rent expense on office building Depreciation expense on delivery trucks Income.. *Except rent and depreciation. Case I Case II Case III $100,000 $120,000 $ (7) 7 $ 25,000 $ (4)? $10,000 (1) 7 30,000 10,000 7,000 (5) ? 5,000 $ (2) 7 $ 40,000 $ (8) 7 40,000 60,000 20,000 11,000 20,000 (9) 7 (3) ? 10,000 1,000 10,000 5,000 4,000 $ 8,000 $ (6) 7 $ -0
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Related Book For
Survey Of Accounting
ISBN: 9780538846172
1st Edition
Authors: James D. Stice, W. Steve Albrecht, Earl Kay Stice, K. Fred Skousen
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