Bolka Corporation, a merchandising company, reported the following results for October. $ 411,000 $ 174,300 $ 26,200 Sales Cost of goods sold (all variable) Total variable selling expense Total fixed selling expense Total variable administrative expense Total fixed administrative expense The contribution margin for October is: $ 23,800 $ 15,700 $ 38,700

Bolka Corporation, a merchandising company, reported the following results for October. $ 411,000 $ 174,300 $ 26,200 Sales Cost of goods sold (all variable) Total variable selling expense Total fixed selling expense Total variable administrative expense Total fixed administrative expense The contribution margin for October is: $ 23,800 $ 15,700 $ 38,700

Financial And Managerial Accounting

15th Edition

ISBN:9781337902663

Author:WARREN, Carl S.

Publisher:WARREN, Carl S.

Chapter21: Variable Costing For Management analysis

Section: Chapter Questions

Problem 4PA: Salespersons report and analysis Walthman Industries Inc. employs seven salespersons to sell and...

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West Island distributes a single product. The companys sales and expenses for the month of June are shown. Using the information presented, answer these questions: A. What is the break-even point in units sold and dollar sales? B. What is the total contribution margin at the break-even point? C. If West Island wants to earn a profit of $21,000, how many units would they have to sell? D. Prepare a contribution margin income statement that reflects sales necessary to achieve the target profit.
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Wright & Boyle Inc. had the following income statement for the month of May: Sales revenue $470,800.00 Cost of goods sold 217,766.40 Gross margin $253,033.60 Less: Selling expenses 86,199.20 Administrative expenses 74,942.80 Operating income $91,891.60 What was the selling expense percent?
Erin international, a merchandising company, reported the following results for July. Cost of Goods Sold 285,141 Fixed selling and administrative expense 49,989 Sales Revenue 518,234 Variable selling and administrative expense 87,514 This question is independent of all other questions. Please use only the information in this question to calculate the answer. Based on the information provided above, calculate the gross margin for July. Cost of goods sold is a variable cost in this company. Enter only the amount of the gross margin in the box provided below. Enter the amount only. Do not enter letters, words, or the calculation.
Presented here is the income statement for Big Sky Incorporated for the month of February: Sales $ 60,000 Cost of goods sold 51,900 Gross profit $ 8, 100 Operating expenses 15,200 Operating loss $ (7,100) Based on an analysis of cost behavior patterns, it has been determined that the company's contribution margin ratio is 19%. Required: Rearrange the preceding income statement to the contribution margin format. If sales increase by 10%, what will be the firm's operating income (or loss)? Calculate the amount of revenue required for Big Sky to break even.
A company reported the following information for the month of July: Net sales $ 57,500 Cost of goods sold 33,200 Required: Calculate this company's gross margin ratio.
Apitong Company made two different schedules of gross income for the quarter ended September 30: Problem 11-10 (IAA) in SPome for the quarter ended September 30: al Schedule 1 Schedule 2 Sales (P100 per unit) Cost of goods sold 2,800,000 1,169,000 2,800,000 1,157,500 Gross income 1,631,000 1,642,500 The computation of cost of goods sold in each schedule is based on the following data: Units Unit cost Total cost Beginning inventory - July 1 Purchase - July 25 Purchase - August 25 Purchase - September 5 Purchase - September 25 10,000 8,000 5,000 7,000 12,000 40.00 42.00 41.30 43.00 42.50 400,000 336,000 206,500 301,000 510,000 Available for sale 42,000 1,753,500 Required: Identify the inventory cost method used in preparing the two schedules of gross income.
Presented here is the income statement for Fairchild Co. for March: Sales $ 81,500 Cost of goods sold 43,000 Gross profit $ 38,500 Operating expenses 31,000 Operating income $ 7,500 Based on an analysis of cost behavior patterns, it has been determined that the company's contribution margin ratio is 34%.Required: Rearrange the preceding income statement to the contribution margin format. Calculate operating income if sales volume increases by 10%. Calculate the amount of revenue required for Fairchild to break even. rev: 10_17_2020_QC_CS-236193
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The condensed product-line income statement for Rhinebeck Company for the month of October is as follows: Rhinebeck CompanyProduct-Line Income StatementFor the Month Ended October 31 Hats Gloves Mufflers Sales $71,000 $105,700 $45,000 Cost of goods sold (32,600) (42,300) (27,000) Gross profit $38,400 $63,400 $18,000 Selling and administrative expenses (27,400) (42,800) (25,000) Operating income (loss) $11,000 $20,600 $(7,000) Fixed costs are 20% of the cost of goods sold and 30% of the selling and administrative expenses. Rhinebeck Company assumes that fixed costs would not be materially affected if the Gloves line were discontinued. Question Content Area a. Prepare a differential analysis dated October 31 to determine if Mufflers should be continued (Alternative 1) or discontinued (Alternative 2). If an amount is zero, enter "0". If required, use a minus sign to indicate a loss. Differential…
The condensed product-line income statement for Rhinebeck Company for the month of October is as follows: Rhinebeck CompanyProduct-Line Income StatementFor the Month Ended October 31 Hats Gloves Mufflers Sales $65,800 88,500 $27,600 Cost of goods sold (25,800) (32,100) (13,800) Gross profit $40,000 56,400 $13,800 Selling and administrative expenses (29,000) (34,500) (14,500) Operating income (loss) $11,000 $21,900 $(700) Fixed costs are 12% of the cost of goods sold and 36% of the selling and administrative expenses. Rhinebeck Company assumes that fixed costs would not be materially affected if the Gloves line were discontinued. a. Prepare a differential analysis dated October 31 to determine if Mufflers should be continued (Alternative 1) or discontinued (Alternative 2). If an amount is zero, enter "0". If required, use a minus sign to indicate a loss.