Question: Prepare a contribution margin income statement from this data (A) The company sold 10,000 servings of ice cream during June for $5 per serving the
Prepare a contribution margin income statement from this data (A) The company sold 10,000 servings of ice cream during June for $5 per serving the shop purchases the ice cream in large tubs. Each lub costs the shop $14 and has enough ice cream to fill 35 ice cream cones. The shop purchases the ice cream cones for S. 15. Located in an outdoor mall, the rent for the shop is $2,000 per month Tho shop expenses $230 a month for depreciation. During the month, the shop incurred an additional $2,700 of other operating expenses, 75% of these are foxed costs (B) O'Neill's Products bogan operations this year. Cost, sales, and production information for the company and its single product is as follows: Selling price per unit is $65. Units manufactured were 14,000 and units sold for the year were 12,000 units Variable manufacturing costs per unit manufactured (includes direct materials (OM), direct labor (DL), and variable MOH) $35. Variable operating expenses per unit sold $2. Fixed manufacturing overhead (MOH) in total for the year $132,000 Fixed operating expenses in total for the year $85,000. (C) Sally's makes widgets. What would be her net income if units sold were 36,000? $35 $10 $5 $2 Variable costs: Direct material cost per unit produced .. Direct labor cost per unit produced Variable MOH cost per unit produced Variable operating expenses per unit sold Fixed costs: Fixed MOH Fixed operating expenses Other information: Units produced Sales price per unit $1,000,000 $300,000 40,000 units $100
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