Hollywood Beauty manufactures and sells a face cream to small specialty stores in the greater Los...
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Hollywood 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 Tomes, a potential investor in the business. Help Mr. Tomes understand Hollywood Beauty's cost structure. (Click the icon to view the operating income statement.) Read the requirements. k Chapt st ve this E Data table Units sold Revenues Cost of goods sold Operating Income Statement, June 2020 Total Gross margin Operating costs Quaatio- 50 00 leimilar Variable manufacturing costs Fixed manufacturing costs Variable marketing costs Fixed marketing and administrative costs Total operating costs Operating income Print $ $ Done 55,000 32,900 73,000 17,500 $ LB 00.00 9.09 a - X 10,000 200,000 87,900 112,100 90,500 21,600 2 greater ntial in Mar 3, calculat units and Requirement 4. If sales in June were only 8,500 units and Hollywood's tax rate is 30%, calculate its net income. Complete the table below to calculate Hollywood's net income if sales were only 8,500 units and Hollywood's tax rate is 30%. (Round the tax expense to the nearest whole number.) Contribution margin Less: Fixed costs Operating income Less: Tax expense Net income 61200 50400 Hollywood 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 Tomes, a potential investor in the business. Help Mr. Tomes understand Hollywood Beauty's cost structure. (Click the icon to view the operating income statement.) Read the requirements. k Chapt st ve this E Data table Units sold Revenues Cost of goods sold Operating Income Statement, June 2020 Total Gross margin Operating costs Quaatio- 50 00 leimilar Variable manufacturing costs Fixed manufacturing costs Variable marketing costs Fixed marketing and administrative costs Total operating costs Operating income Print $ $ Done 55,000 32,900 73,000 17,500 $ LB 00.00 9.09 a - X 10,000 200,000 87,900 112,100 90,500 21,600 2 greater ntial in Mar 3, calculat units and Requirement 4. If sales in June were only 8,500 units and Hollywood's tax rate is 30%, calculate its net income. Complete the table below to calculate Hollywood's net income if sales were only 8,500 units and Hollywood's tax rate is 30%. (Round the tax expense to the nearest whole number.) Contribution margin Less: Fixed costs Operating income Less: Tax expense Net income 61200 50400
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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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