Prepare a contribution margin analysis of the variable costs for Romero Products Inc. for the year ended December 31. Refer to the lists of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. Be sure to complete the statement heading. A colon (:) will automatically appear if it is required. For those boxes in which you must enter subtracted or negative numbers use a minus sign.

Instructions Contribution Margin Analysis Shaded cells have feedback. Difference- Prepare a contribution margin analysis of the variable costs for Romero Products Inc. for the year ended December 31. Refer to the lists of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. Be sure to complete the statement heading. A colon () will automatically appear if it is required. For those boxes in which you must enter subtracted or negative numbers use a minus sign. For the Year Ended December 31 Actual Planned Increase or (Decrease) $100,000.00 2 Sales $9,120,000.00 $9,020,000.00 Variable costs: Romero Products Inc. Score: 39/67 Variable cost of goods sold $3,420,000.00 $3.198,000.00 $222,000.00 Contribution Margin Analysis-Variable Costs Variable selling and administrative expenses 665,000.00 799,500.00 (134,500.00) For the Year Ended December 31 Total variable costs $4,085,000.00 $3,997,500.00 $87,500.00 $12,500.00 Effect of changes in variable cost of goods sold: Variable cost quantity factor Contribution margin $5,035,000.00 $5,022,500.00 Number of units sold 38,000.00 41,000.00 Unit cost factor 9 Per unit: Total effect of changes in variable cost of goods sold Sales price $240.00 $220.00 Effect of changes in variable selling and administrative expenses: Variable cost of goods sold 90.00 78.00 Variable cost quantity factor Variable selling and administrative expenses 17.50 19.50 Unit cost factor Total effect of changes in selling and administrative expenses Decrease in contribution margin from change in variable costs