Solution-Difference in profit between the two income

Difference in profit between the two income statements

Assignment Help Managerial Accounting

Reference no: EM13935892

Below is a variable costing income statement for Wilner Glass Company, a maker of bottles for the beverage industry. For the coming year, the company is considering hiring two additional sales representatives at $80,000 each for base salary plus 5 percent of their sales for commissions. The company anticipates that each sales representative will generate $900,000 of incremental sales.
Wilner Glass Company
Income Statement
For the Year Ending December 31, 2011

Octavius Company produces a 10-inch chef knife used by commercial chefs. The knives sell for $50 each. In 2011, the company produced 45,000 units and sold 40,000 units. Below are variable and full costing income statements for 2011.

2316_259-B-M-A-V-C (349).png

Required:

Reconcile the difference in profit between the two income statements.

Reference no: EM13935892

Questions Cloud

What islamic modes of finance underpin the idb sukuk : Describe the exact nature of the IDB Sukuk, What Islamic modes of finance underpin the IDB Sukuk? Describe how these modes of finance work and the exact relationship they have with the IDB Sukuk

Comprised of a two-dimensional grid of cells : The farm area that is operated on during the game is comprised of a two-dimensional grid of cells, each representing a plot of land. These cells are referenced by a coordinate pair; e.g. (2, 3). This land can be used to cultivate crops or graze li..

Positive and negative attributes of the leadership style : Research the many leadership styles in management. Select one style and write a report that describes the positive and negative attributes of the leadership style and how you identify with it. (550 words)

Computes the wind-chill factor for a given temperature : The user should be able to enter a temperature and wind speed via text boxes, then click a button to view the corresponding wind-chill factor in a separate text box. As part of your page, you should define a function named Wi ndChi 11 that accepts..

Difference in profit between the two income statements : Reconcile the difference in profit between the two income statements.

What laboratory tests would confirm the diagnosis : What disease is suggested by the combination of fever, rash, and white spots on the patient's buccal mucosa? What pathogen causes this disease? What are the white spots called?

Describe the exact nature of the dubai sukuk : Describe the exact nature of the Dubai Sukuk, What Islamic modes of finance underpin the Dubai Sukuk? Describe how these modes of finance work and the exact relationship they have with the Dubai Sukuk

Explain why investors behaved in the given manner : Explain why investors behaved in this manner. Why does the IFE suggest that South East Asian countries would not have attracted foreign investment before Asian crisis despite high interest rates prevailing in those countries?

Making a substantial change in relationship with bussard : If you were De la Vega, what would you do at this point? Do you think De la Vega has waited too long to make a substantial change in his relationship with Bussard? Explain.

User Account

All Pages

Difference in profit between the two income statements

Reference no: EM13935892

Reference no: EM13935892

Questions Cloud

Reviews

Write a Review

Managerial Accounting Questions & Answers

Manage budgets and financial plans

Prepare a retained earnings statement

Prepare a master budget for the three-month period

Construct the companys direct labor budget

Evaluate the predetermined overhead rate

Determine the company''s bid

Compute the pool rates for the different activities

Prepare Company financial statements

Prepare an analysis of terracycles

Discuss the ethical issues

Political resources in emerging markets

Management accounting - ehsan electronics company

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT