9. The Alpine House is a large manufacturer and retailer of snow skis. The company sold all the products it produced during the period. The company provided the information below. Total sales revenue $500,000 Selling price per pair of skis $500 Variable selling expense per pair of skis $50 Variable admin expense per pair of skis $10 Total Fixed selling expenses $20,000 Total fixed administrative expenses $20,000 Cost of Goods Sold: Direct Materials $40,000 Direct Labor $100,000 Manufacturing Overhead $70,000 Included in Manufacturing Overhead is the following: Rent (Contract at $1,000 per month) $12,000 Salary to Factory Supervisor $50,000 Indirect Materials (Driven on units produced) $8,000 Required; 3. Calculate the contribution margin and variable expense ratios. 4. Compute the operating leverage.

9. The Alpine House is a large manufacturer and retailer of snow skis. The company sold all the products it produced during the period. The company provided the information below. Total sales revenue $500,000 Selling price per pair of skis $500 Variable selling expense per pair of skis $50 Variable admin expense per pair of skis $10 Total Fixed selling expenses $20,000 Total fixed administrative expenses $20,000 Cost of Goods Sold: Direct Materials $40,000 Direct Labor $100,000 Manufacturing Overhead $70,000 Included in Manufacturing Overhead is the following: Rent (Contract at $1,000 per month) $12,000 Salary to Factory Supervisor $50,000 Indirect Materials (Driven on units produced) $8,000 Required; 3. Calculate the contribution margin and variable expense ratios. 4. Compute the operating leverage.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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