Fill the yellow boxes To aid in planning, Jay Corporation is preparing a contribution format income statement.
Fantastic news! We've Found the answer you've been seeking!
Question:
Fill the yellow boxes
Transcribed Image Text:
To aid in planning, Jay Corporation is preparing a contribution format income statement. Budgeted information for Quarter 1 of Year 3: Sales in units Sales price per unit D 1 Administrative salaries 2 Rent expense 3 Depreciation expense 4 After analyzing expenses, the company has determined the following cost patterns. Cost of goods sold $ 29.00 per unit Sales commissions 9.50% per dollar of sales $ 16 17 Year 1 18 Quarter 1 19 Quarter2 Quarter 3 Quarter 41 20 21 $ 555 $ $ 5 Management has concluded that shipping expense is a mixed cost. Units shipped and the related shipping cost over the last eight quarters are: sss is Total Shipping Cost $ 17,000 48.00 $ $ 45,000.00 per quarter 27,000.00 per quarter 36,000.00 per quarter $ 67,000.00 94,000.00 89,800.00 92,600.00 Units 12,500 21,000 13,800 20,000 To aid in planning, Jay Corporation is preparing a contribution format income statement. Budgeted information for Quarter 1 of Year 3: Sales in units Sales price per unit D 1 Administrative salaries 2 Rent expense 3 Depreciation expense 4 After analyzing expenses, the company has determined the following cost patterns. Cost of goods sold $ 29.00 per unit Sales commissions 9.50% per dollar of sales $ 16 17 Year 1 18 Quarter 1 19 Quarter2 Quarter 3 Quarter 41 20 21 $ 555 $ $ 5 Management has concluded that shipping expense is a mixed cost. Units shipped and the related shipping cost over the last eight quarters are: sss is Total Shipping Cost $ 17,000 48.00 $ $ 45,000.00 per quarter 27,000.00 per quarter 36,000.00 per quarter $ 67,000.00 94,000.00 89,800.00 92,600.00 Units 12,500 21,000 13,800 20,000
Expert Answer:
Answer rating: 100% (QA)
1 i High Activity Level Number of Units 22500 Total Shipping Cost 100000 ii Low Activity Level Numbe... View the full answer
Related Book For
Managerial Accounting
ISBN: 978-0697789938
13th Edition
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
Posted Date:
Students also viewed these accounting questions
-
fill in yellow boxes with EXCEL FORMULA 1 Milleage Distance Table Time From/To 7 8 9 10 11 12 13 14 15 16 17 16 19 20 21 Cincinnati Middletown Florence, KY Lexington, KY Hamilton Beavercreek...
-
Please fill in yellow boxes and label the financial statement below Balance at beginning of year Net earnings Cash dividends Balance at end of year in millions Cash Flows from Operating Activities:...
-
A packaging process is supposed to fill small boxes of raisins with approximately 50 raisins so that each box will weigh the same. However, the number of raisins in each box will vary. Suppose 100...
-
The software inSSIDer from metageek lets you scan surroundingWiFi networks. Download inSSIDer 3.1.2.1 from the following link:http://www.techspot.com/downloads/5936-inssider.html a....
-
Forest Co. produces goods in the United States, Germany, and Australia and sells the goods in the areas where they are produced. Foreign earnings are periodically remitted to the U.S. parent. As the...
-
Why is it important for the business world to learn to communicate effectively in written and oral form? Why is it important for business students to learn about leadership and interpersonal...
-
What is the primary source of directional stability in an aircraft?
-
In light of the full disclosure principle, investors and creditors need to know the balances for assets, liabilities, and equity as well as the accounting policies adopted by management to measure...
-
What increases brain activity and how does it relate to what is consciousness? What leads to the loss of consciousness? illustrate the process of consciousness? is consciousness gradual? Explain. How...
-
1. If you were Kelly, what would you tell the CFO? 2. Suppose the union insists on including one of the following stipulations in the agreement: a. No more than half of the total number of bonds...
-
Y is a discrete random variable with P {Y = 1} = P {Y = 1} = 0.4, P {Y = 2} = 0.2. When Y is known, X is Gaussian with E[X] = Y and Var (X) = Y. (a) Find E [X]. (b) Find E [X]. (c) Find Var (X). (d)...
-
The topic for my literature review is Global Staffing, Recruitment and Selection. I need assistance finding academic 10 academic journal articles (with some dated after 2020). Will also need to refer...
-
What aspects of the course did you find the most enlightening? What part of your diversity, equity and inclusion plan do you believe may present you with the greatest challenge? Why?
-
describe how you would respond in an attempt to resolve the problem: Job changes are fairly common in the organization, but a supervisor learns through the grapevine that she is going to be replaced...
-
if your firm is planning to open a wholly own subsidiary in the undecided country the Identify and discuss, in general terms, relevant formal Employment Relation structures, institutions, processes...
-
Why is the " Employee Value Proposition an essential concept for employers and employees?
-
Determine the total sales of West Branch, and Net Sales of East Branch! (with formula) Calculate The ROI and RI before and after investment for the WEST and EAST branches! (with formula) 3. Fashion...
-
When you weigh yourself on good old terra firma (solid ground), your weight is 142 lb. In an elevator your apparent weight is 121 lb. What are the direction and magnitude of the elevator's...
-
The Diamond Freight Company has been offered a seven-year contract to haul munitions for the government. Since this contract would represent new business, the company would have to purchase several...
-
A number of graphs displaying cost behavior patterns are shown below. The vertical axis on each graph represents total cost, and the horizontal axis represents level of activity (volume). Required:...
-
The questions in this exercise give you an appreciation for the complexity of budgeting in a large multinational corporation. To answer the questions, you will need to download the Procter & Gamble...
-
As the marketing manager for Independent Packaging Pty Ltd, you have asked the accountant what it costs to make the Container2000 model because you want to set a price for the container. A similar...
-
Incomplete information concerning the financial performance of two manufacturing companies is presented below. Required Determine the answers to (a) to(f) for the two companies. Work in process,...
-
Smart Manufacturing Systems Pty Ltd uses a periodic inventory system and closes its accounts on 30 June each year. The companys closing entries made on 30 June 2025 were as shown below. Required (a)...
Study smarter with the SolutionInn App