A business operated at 100% of capacity during its first month, with the following results: Sales (104 units)   $520,000 Production costs (130 units):        Direct materials $65,000        Direct labor 16,250        Variable factory overhead 29,250    Fixed factory overhead 26,000 136,500 Operating expenses:        Variable operating expenses $5,430        Fixed operating expenses 3,160 8,590 The amount of contribution margin that would be reported on the variable costing income statement is a.$423,010 b.$519,870 c.$511,410 d.$426,170

Q: Complete the Contribution Margin Income Statement below with the following data: Sales per unit,…

A: A contribution margin is an excess value of sales revenue over the variable cost. It is also an…

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Q: Prepare an estimated income statement, comparing operating results if 23,200 and 25,600 units are…

A: “Since you have posted a many questions, we will solve first question for you. To get the remaining…

Q: A business operated at 100% capacity during its first month of operations, with the following…

A: The major component of a variable costing income statement is contribution margin. It is calculated…