The preparation of the income statement for the year ended December 31 is as follows:
Sales $94,000
Cost of goods sold
Begininng finish goods inventory $20,000
Add:Cost of goods manufactured $41,000
Cost of goods available for sale $61,000
Less: Ending finish goods inventory -$17,000
Cost of goods sold $44,000
Gross margin $50,000
Less: Operating Expenses
General and Advertising Expenses $15,000
Selling Expenses $13,000
Total operating Expenses $28,000
Operating Income $22,000
Learn more about the income statement here: brainly.com/question/14308954
Answer:
the variable cost is $4,025,000
Explanation:
The computation of the variable cost is as follows:
Given that
Sales units = 350,000 units.
Sale Price = $19.50.
Fixed cost = $1,225,000.
Pre tax income = $1,575,000
Based on the above information
Sale Value is
= 350,000 units × $19.50
= $6,825,000.00
Now
Contribution Margin is
= Sales - Fixed cost
= $6,825,000 - $1,225,000
= $5,600,000
And,
Variable Cost is
= Contribution margin - Pretax income
= $5,600,000 - 1,575,000
= $4,025,000
hence, the variable cost is $4,025,000
Option A
Legal requirement most likely influenced the compulsory change of GreatW's product name in the foreign market in this scenario
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Explanation:</u></h3>
A responsibility inflicted on an organization, including those that are lawful or administrative. If you do not obey juridical requirements and guidance, your firm can suffer serious punishments. Examine your legal requirements frequently. You’ll require to analyze the other legal requirements associated so your business functions with all of the demanded licenses and privileges.
To disclose your business name you’ll likely enroll a “Doing Business As”. This registration doesn’t afford trademark assurance, but it does enable you to formulate and apply the name you desire for branding persistence outwardly having to consolidate.
