(a) What is the gross margin now? (b) What is the net operating income now? (c) What is the contribution margin now? 1234567891011AChapter 1: Applying ExcelDataSalesVariable costs:Cost of goods soldVariable sellingVariable administrativeFixed costs:Fixed sellingFixed administrative$$$GA$$$EAB14,5008,0008006002,5001,500

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Description: (a) What is the gross margin now? (b) What is the net operating income now? (c) What is the contribution margin now? 1234567891011AChapter 1: Applying ExcelDataSalesVariable costs:Cost of goods soldVariable sellingVariable administrativeFixed costs

Gross Margin - Gross margin is referred to as the amount of profit before making a deduction of…

Business

Accounting

A 1 Chapter 1: Applying Excel 2 3 Data 4 Sales 5 Variable costs: 6 7 8 9 10 11 Cost of goods sold Variable selling Variable administrative Fixed costs: Fixed selling Fixed administrative $ $ $ $ $ $ B 14,500 8,000 800 600 2,500 1,500

A 1 Chapter 1: Applying Excel 2 3 Data 4 Sales 5 Variable costs: 6 7 8 9 10 11 Cost of goods sold Variable selling Variable administrative Fixed costs: Fixed selling Fixed administrative $ $ $ $ $ $ B 14,500 8,000 800 600 2,500 1,500

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter8: Inventories: Special Valuation Issues

Section: Chapter Questions

Problem 3RE: Blue Corporation uses the FIFO cost flow assumption. Presented below is information related to Blues...

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Concept explainers

Inventory Valuation

Before discussing the topic inventory valuation let’s discuss the meaning of inventory. In accounting, inventory is also known as stock. Inventory means all the finished goods, materials, merchandise that a business holds for the purpose of selling it in the market with the motive of earning profit.

Topic Video

Question

(a) What is the gross margin now?

(b) What is the net operating income now?

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A
Chapter 1: Applying Excel
Data
Sales
Variable costs:
Cost of goods sold
Variable selling
Variable administrative
Fixed costs:
Fixed selling
Fixed administrative
$
$
$
GA
$
$
$
EA
B
14,500
8,000
800
600
2,500
1,500

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Your answer is correct. Prepare an incamental analysis concerning thepossibie discontinuance of Division LEnter negot negative sign preceding the numbereg 45 or parentheses es (45)) susing either a Net Income Continue Eliminate hcrease Decease Woonquouco margin 5-ס2 -70754 Foed costs Cost of goods soic 54,000 27000 27000 Selling and adininistrativE 44,254 120E2 Total foed 98,154 Expenses 50E2 Income (css iom in -27,400 operations -21682 eTexbook and Media Attenpts 2 c5used (2) Frepare an incremental analysis concerning the possible discontinuance.of DrvSonL ntive sign preczding the number e 45 ar parentheseseg (45) Net Income Continue Eliminate hcease (Decesa in Contributionmargin Fored costs Cast of goods soic Selling and 25,830 12.915 12.915 adiministrative Total fued expenses Income (loss) firom aperations Assistance Used eTextbook and Media 10:56 AM