Naylor Manufacturing Inc. sold 8,190 units and recorded sales of $409,500 for the first month of...
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Naylor Manufacturing Inc. sold 8,190 units and recorded sales of $409,500 for the first month of 2020. In making the sales, the company incurred the following costs and expenses. Variable Fixed Cost of goods sold $129,050 S66,900 Selling expenses 61.500 25,500 Administrative expenses 14.200 39,200 Prepare a CVP income statement for the month ended January 31, 2020. NAYLOR MANUFACTURING INC. CVP Income Statement For the Month ended January 31, 2020 Total Per Unit List of AcCounts Question Part Score --14 Calculate the contribution margin per unit. Contributlon margin S per unit List of Accounts Question Part Score --/0.5 Calculate the contribution margin ratio. Contribution margin ratio List of Accounts Question Part Score -/0.5 Savefor Later Last saved 5 minutes ago. Attempts: 0 of1 used Submit Answer Saved work will be auto-submitted on the due date. Auto- submission can take up to 10 minutes. e to search Naylor Manufacturing Inc. sold 8,190 units and recorded sales of $409,500 for the first month of 2020. In making the sales, the company incurred the following costs and expenses. Variable Fixed Cost of goods sold $129,050 S66,900 Selling expenses 61.500 25,500 Administrative expenses 14.200 39,200 Prepare a CVP income statement for the month ended January 31, 2020. NAYLOR MANUFACTURING INC. CVP Income Statement For the Month ended January 31, 2020 Total Per Unit List of AcCounts Question Part Score --14 Calculate the contribution margin per unit. Contributlon margin S per unit List of Accounts Question Part Score --/0.5 Calculate the contribution margin ratio. Contribution margin ratio List of Accounts Question Part Score -/0.5 Savefor Later Last saved 5 minutes ago. Attempts: 0 of1 used Submit Answer Saved work will be auto-submitted on the due date. Auto- submission can take up to 10 minutes. e to search
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Managerial Accounting Tools for business decision making
ISBN: 978-0470477144
5th edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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