Fill in the missing amounts for the following three cases. Note: There is no manufacturing overhead in
Question:
Fill in the missing amounts for the following three cases. Note: There is no manufacturing overhead in thisexercise.
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Case I Case I| Case lI $ (G) Sales revenue $50,000 $60,000 Variable cost of goods sold: Direct materials $12,500 (A) 3,500 (B) 5,500 (C) $20,000 20,000 10,000 (H) (D) Direct labor 15,000 (E) Variable selling and administrative costs Contribution margin Fixed selling and administrative costs Rent expense on office building Depreciation expense on delivery trucks Profit $20,000 10,000 5,000 2,500 (F) 2,000 8,000 5,000 § 4,000 Gross margin $40,000 $20,000 $30,000 "Except rent and depreciation.
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Case I Case II Case III A 17500 D 15000 G 80000 B 16500 E 10000 H 30000 C 2000 F 2500 I 20000 Analys...View the full answer
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Accounting concepts and applications
ISBN: 978-0538745482
11th Edition
Authors: Albrecht Stice, Stice Swain
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