# 5. The Windy Wind Chime Company has been producing and selling wind chimes for a number of years. The following information was gathered for 2016. Selling price per unit $12.50 Variable Cost per Unit: Direct Materials $3.00 Direct Labor $2.50 Overhead $1.20 Selling & Admin $2.35 Fixed Costs (Total) Overhead $50,000 $45,000 Selling & Admin

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Prepare an income statement using the contribution approach for both scenarios. #1 windy wond chime has produced and sold 100,000 units. #2 windy wind chimes has produced 100,000 units but sold 120,000 units
D5
D6 #5. The Windy Wind Chime Company has been producing and selling wind chimes for a number of years. The following information was gathered for 2016.
D7
08
Selling price per unit
$12.50
D9
Variable Cost per Unit:
11
Direct Materials
$3.00
12
Direct Labor
$2.50
13
Overhead
$1.20
14
Selling & Admin
$2.35
15
Fixed Costs (Total)
16
17
Overhead
$50,000
S45,000
18
Selling & Admin
Transcribed Image Text:D5 D6 #5. The Windy Wind Chime Company has been producing and selling wind chimes for a number of years. The following information was gathered for 2016. D7 08 Selling price per unit $12.50 D9 Variable Cost per Unit: 11 Direct Materials $3.00 12 Direct Labor $2.50 13 Overhead $1.20 14 Selling & Admin $2.35 15 Fixed Costs (Total) 16 17 Overhead $50,000 S45,000 18 Selling & Admin
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