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valentinak56 [21]
3 years ago
13

The following information is available for Waterway Industries: Sales $640000 Total fixed expenses $150000 Cost of goods sold 44

0000 Total variable expenses 390000 A CVP income statement would report contribution margin of $490000. gross profit of $250000. gross profit of $200000. contribution margin of $250000.
Business
1 answer:
Bess [88]3 years ago
7 0

Answer:

The CVP Income Statement will Report a Contribution Margin of $250,000

Explanation:

The question is incomplete, Therefore, the completion is as follows:

A CVP Income Statement would report?

A CVP income statement replaces the gross profit computation in its report with the computation of the Contribution Margin.

The CVP report will therefore report as follows

The sales = $640,000

The Total Variable Expenses =$390,000

The Contribution Margin therefore =

The Sales - Total Variable Expenses

= $640,000- $390,000

= $250,000

Therefore, the CVP Income Statement will Report a Contribution Margin of $250,000

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Sleep Tight, Inc., manufactures bedding sets. The budgeted production is for 51,500 comforters this year. Each comforter require
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Answer:

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Explanation:

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2 years ago
Prior to labor unions, both the employer and employee had the legal right to terminate an employment
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3 0
3 years ago
How is profit determined?
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C. Total revenue minus total cost
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A business has a fixed costs of US$100 000 and variable costs of US$5 per unit.
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Answer:

$250,000

Explanation:

50,000 units × $5 per unit = $250,000

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