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ryzh [129]
2 years ago
14

Philippa is getting ready to start preparing the income statement for General Graders, a company that manufactures graders used

by large mining companies. What financial document has Philippa already prepared?
Business
1 answer:
melamori03 [73]2 years ago
5 0

The financial document that Philippa has already prepared is the cost of goods manufactured schedule.

<h3>What is a financial document?</h3>

It should be noted that a financial document simply means a document that's necessary in an organization to carry out transactions.

In this case, since Philippa is getting ready to start preparing the income statement for General Graders, the financial document that Philippa has already prepared is the cost of goods manufactured schedule.

Learn more about financial documents on:

brainly.com/question/2806276

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Contribution Margin and Contribution Margin Ratio
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Answer:

See below

Explanation:

Variable food and packaging = $6,129.7

Variable payroll = $4,756.0

Variable general, selling and administrative expenses = 40% × $2,487.9 = $995.16

Fixed general, selling and administrative expenses = 60% × $2,487.9 = $1,492.74

Fixed occupancy = $4,402.6

Total fixed cost = $1,492.84 + $4,402.6 = $5,895.34

Total variable cost = Variable food and packaging + Variable payroll + Variable general, selling and administrative expenses

= $6,129.7 + $4,756 + $995.16

= $11,880.86

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= 34.61%

c. Increase in operating income

= $500 million × 34.71

= $173,050,000

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