5. Statement Analysis - Variable (Contribution Margin) Income Statement Breakeven $100,000 Gross Margin (GM%) 25% Direct...

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5. Statement Analysis - Variable (Contribution Margin) Income Statement Breakeven $100,000 Gross Margin (GM%) 25% Direct Material Purchases $12,000 Fixed Operating Expenses $3,000 Sales $120,000 Contribution Margin (CM%) 20% Direct Labour $50,000 Inventory Balances Beginning End Finished Goods (FG) $2,000 $5,000 Work in Process (WIP) $7,000 $4,000 Direct Materials (DM) $3,000 $2,000 REQUIRED: (A) (B) Compute in any order: Factory Overhead - Variable Factory Overhead - Fixed Operating Expense - Variable Prepare a Contribution Margin Income Statement Sales ALL VC (DM, DL, VAR FOH, VAR Selling) = CM All FC (Fixed Mfg, Fixed Selling) Oper income 5. Statement Analysis - Variable (Contribution Margin) Income Statement Breakeven $100,000 Gross Margin (GM%) 25% Direct Material Purchases $12,000 Fixed Operating Expenses $3,000 Sales $120,000 Contribution Margin (CM%) 20% Direct Labour $50,000 Inventory Balances Beginning End Finished Goods (FG) $2,000 $5,000 Work in Process (WIP) $7,000 $4,000 Direct Materials (DM) $3,000 $2,000 REQUIRED: (A) (B) Compute in any order: Factory Overhead - Variable Factory Overhead - Fixed Operating Expense - Variable Prepare a Contribution Margin Income Statement Sales ALL VC (DM, DL, VAR FOH, VAR Selling) = CM All FC (Fixed Mfg, Fixed Selling) Oper income

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Here are the answers A Variable Factory Overhead 50000 Direct Labour Fixed Factory Overhe... View the full answer