Discuss contribution format income statement

Assignment Help Accounting Basics
Reference no: EM131771338

This one i was able to answer a few but the rest was wrong every time i input the answers so what you see filled in is what is correct so far i erased the rest any help would be appreciate plz?

Porter Company 's most recent contribution format income statement is shown below:

  Total Per Unit
  Sales (35,000 units) $210,000 $6.00    
  Variable expenses   140,000 4.00    
 
  Contribution margin    70,000 $2.00    
  Fixed expenses    45,000
   
  Net operating income $ 25,000  

Required:

Prepare a new contribution format income statement under each of the following conditions (consider each case independently): (Input all amounts as positive values except losses which should be indicated by a minus sign. Do not round intermediate calculations. Round your "Per unit" answers to 2 decimal places.)

Reference no: EM131771338

Questions Cloud

Compute the conversion costs for the month of october : Compute the equivalent units for materials and conversion costs for the month of October using the FIFO method
Discuss about the history of heart problems : Suppose a study were to find that drinking coffee raised cholesterol levels. Further, suppose you drink two cups of coffee a day and have a family history.
What might be first step in addressing and resolving issue : What is the Main Issue for Your Organization in addressing a solution to Evidence. Discuss what might be the First Step in addressing and resolving this Issue.
Life of the laser beam device : Because the laser pickup is the part most likely to wear out first, the guarantee period will be based on the life of the laser beam device.
Discuss contribution format income statement : Prepare a new contribution format income statement under each of the following conditions
Prepare a production budget for the month of may : The product has forecasted sales of 2,000 units in May. Prepare a production budget for the month of May. Prepare a direct labor budget for the month of May
Find the total amount to be repaid : Suppose you buy an appliance costing $1750 at a store charging 5% add-on interest, you make a down payment of $800, and you agree to monthly payments.
Interpreting the results of rankings : Holden (1991, p. 934) discusses the methods used to rank high school math performance among various countries.
What resources are there in the community or the us : What resources are there in the community or the US? Give the names of sites, agencies or groups who are doing something about this.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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