Belle Beauty manufactures and sells a face cream to small specialty stores in the greater Los...
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Belle Beauty manufactures and sells a face cream to small specialty stores in the greater Los Angeles area. It presents the monthly operating income statement shown here to George Nunez, a potential investor in the business. Help Mr. Nunez understand Belle Beauty's cost structure. (Click the icon to view the operating income statement) Read the requirements Requirement 1. Recast the income statement to emphasize contribution margin Belle Cosmetics Operating Income Statement, June 2020 Contribution margin Cost of goods sold Fixed costs Fixed manufacturing costs Fixed marketing and administration costs Gross margin Operating costs Operating income Revenues pages Total cost of goods sold Clear all Check answer K Fixed manufacturing costs Fixed marketing and administration costs Gross margin Operating costs Operating income Revenues Total cost of goods sold Total fixed costs Total operating costs Total variable costs Units sold Variable costs Variable manufacturing costs Variable marketing costs specialty stores in the greater Los Angeles area. It presents the monthly operating income statement shown here to George Nunez, a nd Bolle Beauty's cost structure. e contribution margin. 20 KOS manufacture estor in the b e icon to vie quirements. nt 1. Recast Opera Data table Belle Beauty Operating Income Statement, June 2020 Units sold Revenues Cost of goods sold Variable manufacturing costs Fixed manufacturing costs Total Gross margin Operating costs Variable marketing costs Fixed marketing and administrative costs Total operating costs Operating income Print 55,000 32,900 $ 73,000 17,500 Done $ 10,000 200,000 87,900 112,100 90,500 21,600 - X onthly operati ecas Ope Requirements 1. Recast the income statement to emphasize contribution margin., 2. Calculate the contribution margin percentage and breakeven point in units and revenues for June 2020. 3. What is the margin of safety (in units) for June 2020? *** 4. If sales in June were only 7,500 units and Belle's tax rate is 30%, calculate its net income. Print Done - X s a face cream to small specialty stores in the greater Los Angeles area. Help Mr. Nunez understand Belle Beauty's cost structure. ating income statement.) e statement to emphasize contribution margin. elle Cosmetics ome Statement, June 2020 11 www. Belle Beauty manufactures and sells a face cream to small specialty stores in the greater Los Angeles area. It presents the monthly operating income statement shown here to George Nunez, a potential investor in the business. Help Mr. Nunez understand Belle Beauty's cost structure. (Click the icon to view the operating income statement) Read the requirements Requirement 1. Recast the income statement to emphasize contribution margin Belle Cosmetics Operating Income Statement, June 2020 Contribution margin Cost of goods sold Fixed costs Fixed manufacturing costs Fixed marketing and administration costs Gross margin Operating costs Operating income Revenues pages Total cost of goods sold Clear all Check answer K Fixed manufacturing costs Fixed marketing and administration costs Gross margin Operating costs Operating income Revenues Total cost of goods sold Total fixed costs Total operating costs Total variable costs Units sold Variable costs Variable manufacturing costs Variable marketing costs specialty stores in the greater Los Angeles area. It presents the monthly operating income statement shown here to George Nunez, a nd Bolle Beauty's cost structure. e contribution margin. 20 KOS manufacture estor in the b e icon to vie quirements. nt 1. Recast Opera Data table Belle Beauty Operating Income Statement, June 2020 Units sold Revenues Cost of goods sold Variable manufacturing costs Fixed manufacturing costs Total Gross margin Operating costs Variable marketing costs Fixed marketing and administrative costs Total operating costs Operating income Print 55,000 32,900 $ 73,000 17,500 Done $ 10,000 200,000 87,900 112,100 90,500 21,600 - X onthly operati ecas Ope Requirements 1. Recast the income statement to emphasize contribution margin., 2. Calculate the contribution margin percentage and breakeven point in units and revenues for June 2020. 3. What is the margin of safety (in units) for June 2020? *** 4. If sales in June were only 7,500 units and Belle's tax rate is 30%, calculate its net income. Print Done - X s a face cream to small specialty stores in the greater Los Angeles area. Help Mr. Nunez understand Belle Beauty's cost structure. ating income statement.) e statement to emphasize contribution margin. elle Cosmetics ome Statement, June 2020 11 www.
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Related Book For
Horngrens Cost Accounting A Managerial Emphasis
ISBN: 978-0134475585
16th edition
Authors: Srikant M. Datar, Madhav V. Rajan
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