Question: i'm really stuck on this question guys plz help me out Violins - by - Hannah produces student-grade violins for beginning violin students. The company

 i'm really stuck on this question guys plz help me out
Violins - by - Hannah produces student-grade violins for beginning violin students.
The company produced 2,000 violins in its first month of operations. At
month-end, 550 finished violins remained unsold There was no inventory in work
i'm really stuck on this question guys plz help me out

Violins - by - Hannah produces student-grade violins for beginning violin students. The company produced 2,000 violins in its first month of operations. At month-end, 550 finished violins remained unsold There was no inventory in work in process. Violins were sold for $110.00 each Total costs from the month are as follows: (Click on the icon to view the data) The company prepares traditional (absorption costing) income statements for its bankers. Hannah would also like to prepare contribution margin income statements for management use Read the requirements Compute the following amounts that would be shown on these income statements Requirement 1. Gross Profit - 0 Requirements Compute the following amounts that would be shown on these income statements 1. Gross Profit 2. Contribution Margin 3. Total expenses shown below the gross profit line 4. Total expenses shown below the contribution margin line 5. Dollar value of ending inventory under absorption costing 6. Dollar value of ending inventory under variable costing 7. Which income statement will have a higher operating income? By how much? Explain. Print Done Choose from any list or enter any number in the input fields and then continue to the next question. ? Violins - by - Hannah produces student-grade violins for beginning violin students. The company produced 2,000 violins in its first month of operations. At month-end, 550 finished violins remained unsold. There was no inventory in work in process. Violins were sold for $110.00 each. Total costs from the month are as follows: (Click on the icon to view the data) The company prepares traditional (absorption costing) income statements for its bankers. Hannah would also like to prepare contribution margin income statements for management use Read the requirements Compute the following amounts that would be shown on these income statements Requirement 1. Gross Data Table Identify the formula, ther - X - Direct materials used $ 90.000 S Requirement 2. Contrib $ Identify the formula ther Direct labor Variable manufacturing overhead. Fixed manufacturing overhead Variable selling and administrative expenses Fixed selling and administrative expenses $ 35,000 35,000 40,000 10,000 12,900 $ $ Requirement 3. Total e Print Done - Choose from any list or enter any number in the input fields and then continue to the next question. o e a Violins - by - Hannah produces student-grade violins for beginning violin students. The company produced 2,000 violins in its first mont of operations. At month-end, 550 finished violins remained unsold. There was no inventory in work in process. Violins were sold for $110.00 each. Total costs from the month are as follows: E (Click on the icon to view the data.) The company prepares traditional (absorption costing) income statements for its bankers. Hannah would also like to prepare contribution margin income statements for management use. Read the requirements Compute the following amounts that would be shown on these income statements: Requirement 1. Gross Profit Identify the formula, then compute the gross profit Gross profit Requirement 2. Contribution Margin Identify the formula, then compute the contribution margin Contribution margin Requirement 3. Total expenses shown below the gross profit line Choose from any list or enter any number in the input fields and then continue to the next question. a Violins - by - Hannah produces student-grade violins for beginning violin students. The company produced 2,000 violins in its first month of operations. At month-end, 550 finished violins remained unsold. There was no inventory in work in process. Violins were sold for $110 00 each. Total costs from the month are as follows: (Click on the icon to view the data) The company prepares traditional (absorption costing) income statements for its bankers. Hannah would also like to prepare contribution margin income statements for management use Read the requirements Requirement 4. Total expenses shown below the contribution margin line + = Total expenses below the contribution margin line Requirement 5. Dollar value of ending inventory under absorption costing The dollar value of ending inventory under absorption costing is $ Requirement 6. Dollar value of ending inventory under variable costing The dollar value of ending inventory under variable costing is $ Requirement 7. Which income statement will have a higher operating income? By how much? Explain The income statement will have a higher operating income by $ Under absorption costing Under variable costing, these costs are Choose from any list or enter any number the input fields and then continue to the next

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