Identify each expense as fixed-variable,or mixed

Assignment Help Managerial Accounting
Reference no: EM13516896

Mighty Bright Window Cleaners" monthly income statement at several levels of activity is as follows:

Windows washed

2,000

4,000

6,000

Sales

$3,000

$6,000

$9,000

Cost of goods sold

1,200

2,400

3,600

Gross profit

1,800

3,600

5,400

Operating expenses




Advertising

400

400

400

Salaries and wages

700

900

1,100

Insurance

200

200

200

Postage

400

800

1,200

Total operating expenses

1,700

2,300

2,900

Operating income

$ 100

$1,300

$2,500

Required

  1. Identify each expense as fixed, variable, or mixed.
  2. Prepare a contribution margin income statement based on a volume of 5,000 windows.

Reference no: EM13516896

Questions Cloud

How many equally spaced turns must it have : How many equally spaced turns must it have so that it will produce a magnetic field of 3.75mT at points within the coils 14.0cm from its center
What will be herzogs new breakeven point in units : Herzogs vice president of sales has determined that due to market changes, the sales price of component XL-709 can be increased to $14.00 with no impact on sales volume. What will be Herzogs new breakeven point in units?
Prepare a contribution format income statement : Prepare a contribution format income statement for the Robinson Company.
Describe the prevailing arguments : Describe the prevailing arguments of what constitutes a "just war," and assess the justice of the Vietnam War in that context. Speculate on how the world would be different today if the U.S. had not become involved in Vietnam.
Identify each expense as fixed-variable,or mixed : Identify each expense as fixed, variable, or mixed and prepare a contribution margin income statement based on a volume of 5,000 windows.
What is the unknown batterys voltage : When a 9.0 V battery is connected to a capacitor, it puts 8.00e-4 C of charge on the capacitor. What is the unknown battery's voltage
Explain the equivalence point or endpoint : Classify the following conditions based on whether they are before the equivalence point, at the equivalence point, or after the equivalence point/endpoint.
Find net charge flows past a point in the wire each second : 3 amperes of current flow through a wire. What net charge flows past a point in the wire each second
Calculate proposals npv : Calculate proposals NPV - Make a recommendation to the CFO (chief financial officer) concerning whether Waltham should enter into this joint venture.

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Johnson companys costs for the month of august were as

johnson companys costs for the month of august were as follows direct materials 25000 direct labor 30000 sales salaries

  Linear regression analyzing total overhead cost

Discuss company overhead you determine that the majority of your indirect costs are related to four primary activities and linear regression analyzing total overhead cost and units sold and linear regression analyzing total overhead cost and machine ..

  Incremental analysisresearch topicthe topic is a broad

incremental analysisresearch topicthe topic is a broad subject. the topic is not the problem to be solved that comes

  Students should review the following statements and write

students should review the following statements and write 3paragraphs that provide support for your answers1.managers

  An examination of the accounting records of a fictitious

an examination of the accounting records of a fictitious business the clowney company disclosed a high contribution

  What is the new contribution margin per haircut

Determine the annual break-even point, in number of haircuts. Support your answer with an appropriate explanation. Show calculations to support your answer.

  Calculate sales in dollars needed to break even in 2015

Recast the full costing income statement for 2014 into a variable costing format.  Does it appear, as Sanjay Patel contends, that the more the company sells, the more it loses?

  Why are companies required to prepare a statement of cash fl

Why are companies required to prepare a statement of cash flows? Why is the statement of cash flows divided into three sections? What does each section tell you about the operations of a company?

  Dollar general corporation

What is the impact of this method of creating the profit-and-loss statement on management decision making and what is the impact of this method of creating the profit-and-loss statement on business performance?

  Johnson swimwear variances-static and flexible budget

The systems consulting department of Johnson Swimwear designs data collecting, encoding, and reporting systems to fit the needs of other departments within the company. An

  Objective of allocating indirect costs

In manufacturing environment, which cost are direct and which are indirect in product costing? What is the objective of allocating indirect manufacturing overhead cost of product?

  Reconstructing standard-cost information

Part of your company's accounting database was destroyed when Godzilla attacked the city. You have been able to gather the following data from your files. Reconstruct the remaining information using the available data. All of the raw material purc..

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