Contribution format income statement

Assignment Help Accounting Basics
Reference no: EM13912806

Brees Inc., a company that produces and sells a single product, has provided its contribution format income statement for April. Sales (6,200 units) $136,400 Variable expenses 80,600 Contribution margin $55,800 Fixed expenses 48,700 Net operating income $7,100 If the company sells 5,800 units, its total contribution margin should be closest to:

a.) $55,800

b.) $52,200

c.) $6,642

d.) $47,000

Reference no: EM13912806

Questions Cloud

Fixed selling and administrative : Fixed manufacturing overhead $106,800 Fixed selling and administrative $68,000 The total gross margin for the month under the absorption costing approach is:
Operating income : Direct labor $30 Variable manufacturing overhead $7 Variable selling and administrative $11 Fixed costs: Fixed manufacturing overhead $65,700 Fixed selling and administrative $21,000 What is the net operating income for the month under variable costi..
Inventory balance : Calculate the December 31st ending inventory balance.
Net operating income : Net operating income last year for Licuado Company as a whole was $24,800. If the Carrot product line would have been dropped at the beginning of last year, how would this have changed the net operating income of Licuado Company as a whole?
Contribution format income statement : Brees Inc., a company that produces and sells a single product, has provided its contribution format income statement for April. Sales (6,200 units) $136,400 Variable expenses 80,600 Contribution margin $55,800 Fixed expenses 48,700 Net operating inc..
Transactions but losses : Excess of the sales price over cost should be credited to retained earnings-Gains are not recorded on treasury stock transactions but losses are.
Organization budgets : An organization's budgets will often be prepared to cover:
Adjusted trial balance : the adjusted trial balance of wedge company shows these data pertaining to sales at he end of its fiscal year
Budget and the listed transactions and events : Prepare journal entries to record the budget and the listed transactions and events.Prepare a preclosing trial balance.Prepare a balance sheet; a statement of revenues, expenditures, and changes in fund balance; and a budgetary comparison schedule.Pr..

Reviews

Write a Review

Accounting Basics Questions & Answers

  Hodge''s periodic inventory system

1.On November 21, 2013, a fire at Hodge Company's warehouse caused severe damage to its entire inventory of Product Tex.

  How does the aicpa code of professional conduct relate

How does the AICPA Code of Professional Conduct relate to ethics? Provide examples to support your response.

  Assume that success systems has total revenues

Adria Lopez, owner of Success Systems, realizes that she needs to begin accounting for bad debts expense.

  Discuss what you would do and possible affects

During your examination of the evidence, you uncover a material weakness in interal control.

  Prepare a revenue budget for saunders home health agency

prepare a revenue budget for saunders home health agency. blue cross members can only be charged 60 for a nurse visit

  Partnership net income of 66000 is to divided between two

partnership net income of 66000 is to divided between two partners elan and brian according to the following

  There was no beginning inventoryduring the year the

there was no beginning inventory.during the year the company sold 172000 units. if net income using full and variable

  Determine the issuance price of a bond

What are two important characteristics that determine the issuance price of a bond?

  Determining amount of owner equity

A company's balance sheet shows: cash $23,000, accounts receivable $10,000, office equipment $53,000, and accounts payable $17,000. What is the amount of owner's equity?

  The current asset section of guardian consultants balance

the current asset section of guardian consultants balance sheet consists of cash accounts receivable and prepaid

  Determining report investment revenue

Stone Co. owns 3,000 of the 10,000 outstanding shares of Maye Corp. common stock. During 2007, Maye earns $180,000 and pays cash dividends of $50,000. Stone should report investment revenue for 2007 of

  An investor is considering buying one of two 10-year 1000

an investor is considering buying one of two 10-year 1000 face value bonds bond a has a 7 annual coupon while bond b

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd