1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
TEA [102]
3 years ago
6

Contribution Income Statement and Cost-Volume-Profit Graph Kopi Company produces dog cages that are sold for $38 per unit. The c

ompany produced and sold 5,000 dog cages during July 2017. There were no beginning or ending inventories. Variable and fixed costs follow.
Variable Costs per Unit Fixed Costs per Month
Manufacturing: Manufacturing overhead $35,000
Direct materials $10 Selling and administrative 15,000
Direct labor 2 Total $50,000
Manufacturing
overhead 5 $17
Selling and
administrative 5
Total $22
Required
Prepare a contribution income statement for July.
Business
1 answer:
Marrrta [24]3 years ago
7 0

Answer:

Results are below.

Explanation:

<u>First, we need to calculate the total unitary variable cost:</u>

Direct materials= 10

Manufacturing overhead= 5

Direct labor= 2

Selling and administrative= 5

Total unitary variable cost= $22

<u>Now, the contribution margin income statement:</u>

Sales= 5,000*38= 190,000

Total variable cost= 22*5,000= (110,000)

Total contribution margin= 80,000

Fixed Manufacturing overhead= (35,000)

Fixed Selling and administrative= (15,000)

Net operating income= 30,000

You might be interested in
Erin has been asked to maintain a​ "live" website.​ therefore, she needs to​ __________.
Alekssandra [29.7K]

what are the options


7 0
3 years ago
To avoid the difficulties involved in starting a business from scratch, Sana decides to obtain the rights to operate an outlet o
Mariana [72]

Answer:

Franchisee

Explanation:

A franchise business is a form of business arrangement where a business owners , who is known as the franchisor , sells the right to operate its business to another entity known as the Franchisee.

This business arrangement is legally binding an it gives right to the use of the business name , logo ,and model to third party retail outlet.

This explains the type of business arrangement that Sana is planning , considering the explanation given in the question.

8 0
3 years ago
Read 2 more answers
Sheffield Corp. produces three versions of baseball bats: wood, aluminum, and hard rubber. A condensed segmented income statemen
nekit [7.7K]

Answer:

The correct answer is D.

Explanation:

Giving the following information:

Sales=$775000

Variable expenses= 523000

Contribution margin= 252000

Fixed expenses= 132000

Net income= $120000

Hard Rubber:

Sales=$65000

Variable expenses=58000

Contribution margin= 7000

Fixed expenses= 22000

Net income= -15000

New net income= 120,000 + 15,000 - 22,000= 113,000

6 0
3 years ago
The goals of __________ are to determine the work load at which systems performance begins to degrade and to identify and elimin
kondor19780726 [428]
Volume testing does these things
5 0
3 years ago
If a business is not making a profit, the entrepreneur knows that ________. no one wants to buy the product/service he/she is no
igor_vitrenko [27]
<span>b. he/she is not making good use of scarce resources</span>
5 0
3 years ago
Other questions:
  • The failure to record a purchase of mer chandise on account even though the goods are properly included in the physical inven to
    15·1 answer
  • Abby starts up Bowls Bistro to serve and sell soups for workday lunches. Abby leases space in an office building owned by Carmen
    6·1 answer
  • Explain the roles of demand and supply in changing gasoline prices after hurricane katrina and rita
    9·1 answer
  • Bill makes $100,000 and must pay 6% income taxes. Bob, on the other hand, makes $40,000 and must pay 2% income taxes. Bill and B
    6·2 answers
  • How could the federal reserve system help guard the u.s. economy against economic instability
    5·1 answer
  • Which of the following situations demonstrates informational technology
    9·1 answer
  • A reversionary interest would be held by a:
    12·1 answer
  • John is working in an organization. He takes backup of files through a replication process and wants to know the amount of time
    12·1 answer
  • As a current or future business owner, entrepreneurs need to be able to assess collateral in order to secure a possible
    7·1 answer
  • 16) The Nantucket Nugget is unlevered and is valued at $640,000. Nantucket is currently deciding whether including debt in its c
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!