Alpine Coffee Roasters reports the following information for November. Units produced and sold 23,800 Per unit revenue and costs: Sales revenue $ 9.80 Direct materials costs 0.50 Direct labor costs 0.35 Variable manufacturing overhead 0.25 Fixed manufacturing overhead based on a volume of 23,800 units 2.20 Variable marketing and administrative costs 0.95 Fixed marketing and administrative costs based on a volume of 23,800 units 2.95 Required: Prepare a gross margin income statement. Prepare a contribution margin income statement.
Alpine Coffee Roasters reports the following information for November. Units produced and sold 23,800 Per unit revenue and costs: Sales revenue $ 9.80 Direct materials costs 0.50 Direct labor costs 0.35 Variable manufacturing overhead 0.25 Fixed manufacturing overhead based on a volume of 23,800 units 2.20 Variable marketing and administrative costs 0.95 Fixed marketing and administrative costs based on a volume of 23,800 units 2.95 Required: Prepare a gross margin income statement. Prepare a contribution margin income statement.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Alpine Coffee Roasters reports the following information for November.
|
|
|
|
|
Units produced and sold |
|
23,800 |
|
Per unit revenue and costs: |
|
|
|
Sales revenue |
$ |
9.80 |
|
Direct materials costs |
|
0.50 |
|
Direct labor costs |
|
0.35 |
|
Variable manufacturing |
|
0.25 |
|
Fixed manufacturing overhead based on a volume of 23,800 units |
|
2.20 |
|
Variable marketing and administrative costs |
|
0.95 |
|
Fixed marketing and administrative costs based on a volume of 23,800 units |
|
2.95 |
Required:
- Prepare a gross margin income statement.
- Prepare a contribution margin income statement.
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