J Corporation presented the following cost data for the month ending February 28, 2021. DESCRIPTION Direct...

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J Corporation presented the following cost data for the month ending February 28, 2021. DESCRIPTION Direct Materials cost per unit Direct labor cost per unit Variable Manufacturing Overhead Cost Per Unit Sales and Marketing Costs Corporate Headquarters Administrative Staff Salaries Factory Rent Production supervisors' salary (annual) Warehouse staff salaries (annual) Maintenance staff salaries Sales commission per unit Sales commission (annual) Factory supervisors' salary (annual) Selling Price per unit Based on the information presented in the above table: Calculate unit contribution margin Calculate total contribution margin Calculate Net Income for the month ending February 28, 2021 AMOUNT $7.00 $5.00 $2.00 $100,000 $260,000 $50,000 $90,000 $70,000 $30,000 $1.00 $30,000 $160,000 $50.00 2021. K Corporation Income Statement For the six month period ending June 30, 2021 Description Total Revenue Cost of Goods Sold Gross Profit Selling, General and Administrative Expenses Net Income Amount $25,600,000 $16,600,000 $9,000,000 $6,500,000 $2,500,000 Additional Information: K Corporation produced and sold 125,000 units during the six-month period ending June 30, 2021. Fixed costs make up 30% of Cost of Goods Sold. $4.00 sales commission is paid on each unit. The rest of the Selling, General, and Administrative Expenses are fixed. Calculate unit contribution margin Calculate total contribution margin Calculate Net Income for the six month period ending June 30, 2021 K Corporation presented the following cost data for the month ending February 28, 2021. K Corporation Income Statement For the six month period ending June 30, 2021 Description Total Revenue Cost of Goods Sold Gross Profit Selling, General and Administrative Expenses Net Income Amount $25,600,000 $16,600,000 $9,000,000 $6,500,000 $2,500,000 Additional Information: What if k Corporation had sold 130,000 units. But the per unit selling price remained the same. Fixed costs make up 30% of Cost of Goods Sold. $4.00 sales commission is paid on each unit. The rest of the Selling, General, and Administrative Expenses are fixed. Calculate unit contribution margin Calculate total contribution margin Calculate Net Income for the six month period ending June 30, 2021 K Corporation presented the following cost data for the month ending February 28, 2021. K Corporation Income Statement For the six month period ending June 30, 2021 Description Total Revenue Cost of Goods Sold Gross Profit Selling, General and Administrative Expenses Net Income Amount $25,600,000 $16,600,000 $9,000,000 $6,500,000 $2,500,000 Additional Information: What if K Corporation had sold 120,000 but the per unit selling price remained the same. Fixed costs make up 20% of Cost of Goods Sold. $5.00 sales commission is paid on each unit. The rest of the Selling, General, and Administrative Expenses are fixed. Calculate unit contribution margin Calculate total contribution margin Calculate Net Income for the six month period ending June 30, 2021 K Corporation Income Statement For the six month period ending June 30, 2021 Description Total Revenue Cost of Goods Sold Gross Profit Selling, General and Administrative Expenses Net Income Amount $25,600,000 $16,600,000 $9,000,000 $6,500,000 $2,500,000 Additional Information: What if K Corporation had sold 100,000 Fixed costs make up 60% of Cost of Goods Sold. $10.00 sales commission is paid on each unit. The rest of the Selling, General, and Administrative Expenses are fixed. Calculate unit contribution margin Calculate total contribution margin Calculate Net Income for the six month period ending June 30, 2021 J Corporation presented the following cost data for the month ending February 28, 2021. DESCRIPTION Direct Materials cost per unit Direct labor cost per unit Variable Manufacturing Overhead Cost Per Unit Sales and Marketing Costs Corporate Headquarters Administrative Staff Salaries Factory Rent Production supervisors' salary (annual) Warehouse staff salaries (annual) Maintenance staff salaries Sales commission per unit Sales commission (annual) Factory supervisors' salary (annual) Selling Price per unit Based on the information presented in the above table: Calculate unit contribution margin Calculate total contribution margin Calculate Net Income for the month ending February 28, 2021 AMOUNT $7.00 $5.00 $2.00 $100,000 $260,000 $50,000 $90,000 $70,000 $30,000 $1.00 $30,000 $160,000 $50.00 2021. K Corporation Income Statement For the six month period ending June 30, 2021 Description Total Revenue Cost of Goods Sold Gross Profit Selling, General and Administrative Expenses Net Income Amount $25,600,000 $16,600,000 $9,000,000 $6,500,000 $2,500,000 Additional Information: K Corporation produced and sold 125,000 units during the six-month period ending June 30, 2021. Fixed costs make up 30% of Cost of Goods Sold. $4.00 sales commission is paid on each unit. The rest of the Selling, General, and Administrative Expenses are fixed. Calculate unit contribution margin Calculate total contribution margin Calculate Net Income for the six month period ending June 30, 2021 K Corporation presented the following cost data for the month ending February 28, 2021. K Corporation Income Statement For the six month period ending June 30, 2021 Description Total Revenue Cost of Goods Sold Gross Profit Selling, General and Administrative Expenses Net Income Amount $25,600,000 $16,600,000 $9,000,000 $6,500,000 $2,500,000 Additional Information: What if k Corporation had sold 130,000 units. But the per unit selling price remained the same. Fixed costs make up 30% of Cost of Goods Sold. $4.00 sales commission is paid on each unit. The rest of the Selling, General, and Administrative Expenses are fixed. Calculate unit contribution margin Calculate total contribution margin Calculate Net Income for the six month period ending June 30, 2021 K Corporation presented the following cost data for the month ending February 28, 2021. K Corporation Income Statement For the six month period ending June 30, 2021 Description Total Revenue Cost of Goods Sold Gross Profit Selling, General and Administrative Expenses Net Income Amount $25,600,000 $16,600,000 $9,000,000 $6,500,000 $2,500,000 Additional Information: What if K Corporation had sold 120,000 but the per unit selling price remained the same. Fixed costs make up 20% of Cost of Goods Sold. $5.00 sales commission is paid on each unit. The rest of the Selling, General, and Administrative Expenses are fixed. Calculate unit contribution margin Calculate total contribution margin Calculate Net Income for the six month period ending June 30, 2021 K Corporation Income Statement For the six month period ending June 30, 2021 Description Total Revenue Cost of Goods Sold Gross Profit Selling, General and Administrative Expenses Net Income Amount $25,600,000 $16,600,000 $9,000,000 $6,500,000 $2,500,000 Additional Information: What if K Corporation had sold 100,000 Fixed costs make up 60% of Cost of Goods Sold. $10.00 sales commission is paid on each unit. The rest of the Selling, General, and Administrative Expenses are fixed. Calculate unit contribution margin Calculate total contribution margin Calculate Net Income for the six month period ending June 30, 2021

Answer rating: 100% (QA)

Question 1 Calculate the unit contribution margin total contribution margin and net income Unit Contribution Margin Unit Contribution MarginSelling Price per UnitDirect Materials Cost per UnitDirect L... View the full answer