Homework Help is Here – Start Your Trial Now!
Business
Accounting
bluow to 10a fina oce 101 01.03 bisq 28 Roma Skincare sibem anti ins Operating Income Statement June 2020 19V878 2 3 Units sold 4 Revenues 5 Cost of goods sold 6 Variable manufacturing costs 7 8 9 Gross margin 4. Wh 5. If 10 Operating costs: 21800 11 6000,00 12 000,00 13 000,08 14 Operating income 2, W sent neg awoligt be spe Fixed manufacturing costs Total cost of goods sold Variable marketing costs Fixed marketing & admin. costs m Total operating costs alanl 000,008 $60,000 22,000 $ 6,000 14,000 000 RIE 1. Recast the income statement to emphasize contribution margin. 1.000 15,000 $120,000 $ 82,000 $ 38,000 adverti $ 20,000 $18,000 of Hobbs wen erit ed navedsand . Britsiaqo .d 10 910) of 19tefl 9V3 88-8 ni assilsizega asilique toerine 281682 108110 v162 traits Burs noutateinimba 81200 Istol 2. Calculate the contribution margin percentage and breakeven point in units and revenues for June 2020. 3. What is the margin of safety (in units) for June 2020?

bluow to 10a fina oce 101 01.03 bisq 28 Roma Skincare sibem anti ins Operating Income Statement June 2020 19V878 2 3 Units sold 4 Revenues 5 Cost of goods sold 6 Variable manufacturing costs 7 8 9 Gross margin 4. Wh 5. If 10 Operating costs: 21800 11 6000,00 12 000,00 13 000,08 14 Operating income 2, W sent neg awoligt be spe Fixed manufacturing costs Total cost of goods sold Variable marketing costs Fixed marketing & admin. costs m Total operating costs alanl 000,008 $60,000 22,000 $ 6,000 14,000 000 RIE 1. Recast the income statement to emphasize contribution margin. 1.000 15,000 $120,000 $ 82,000 $ 38,000 adverti $ 20,000 $18,000 of Hobbs wen erit ed navedsand . Britsiaqo .d 10 910) of 19tefl 9V3 88-8 ni assilsizega asilique toerine 281682 108110 v162 traits Burs noutateinimba 81200 Istol 2. Calculate the contribution margin percentage and breakeven point in units and revenues for June 2020. 3. What is the margin of safety (in units) for June 2020?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Question
3-36 Contribution margin, gross margin, and margin of safety. Roma Skincare manufactures and sells a face cream to small specialty stores in Victoria, Australia. It presents the monthly operating income state- ment shown here to Jacob Scott, a potential investor in the business. Help Mr. Scott understand Roma Skincare's cost structure. Sabnuo bluow to tadt geg awollg em noitudintnoo brstinu neq nip Tebquod bns aslea tinu ni tniog Formulas moo erit steluals3 .f trom ert zi terW S Page Layout las Data Joxe Review atinu 000,00 Bruno Bow CWOODW0193802 91 A View E 2 1 of moitibbs nl wen erit ed sand 6 pritsiaqo .d erit of nate Home Insert SZ ĀRU STCOD 0 1 be ting viace 101 01.03 bisq asRoma Skincare andam 2 Operating Income Statement June 2020 3 Units sold Revenues Cost of goods sold 4 5 6 Variable manufacturing costs 7 Fixed manufacturing costs be 8 Total cost of goods sold Spe 9 Gross margin 4. Wh 5. If 10 Operating costs: 21800 11 6000,00 12 000,00 13 000.08 14 Operating income 000.8 Variable marketing costs $ 6,000 Fixed marketing & admin. costs m 10000114,000 000,008 Total operating costs $60,000 22,000 2120 15,000 $120,000 $ 82,000 $ 38,000 advertisin $ 20,000 $ 18,000 9V3 28-8 assilsizega soilique terique 2016152109110 Boivisa traits Testuss nousteinimba 1. Recast the income statement to emphasize contribution margin. 2. Calculate the contribution margin percentage and breakeven point in units and revenues for June 2020. 3. What is the margin of safety (in units) for June 2020? SIGU518J adun.mp3 S 4. If sales in June were only 12,000 units and Roma Skincare's tax rate is 30%, calculate its net income.
Transcribed Image Text:3-36 Contribution margin, gross margin, and margin of safety. Roma Skincare manufactures and sells a face cream to small specialty stores in Victoria, Australia. It presents the monthly operating income state- ment shown here to Jacob Scott, a potential investor in the business. Help Mr. Scott understand Roma Skincare's cost structure. Sabnuo bluow to tadt geg awollg em noitudintnoo brstinu neq nip Tebquod bns aslea tinu ni tniog Formulas moo erit steluals3 .f trom ert zi terW S Page Layout las Data Joxe Review atinu 000,00 Bruno Bow CWOODW0193802 91 A View E 2 1 of moitibbs nl wen erit ed sand 6 pritsiaqo .d erit of nate Home Insert SZ ĀRU STCOD 0 1 be ting viace 101 01.03 bisq asRoma Skincare andam 2 Operating Income Statement June 2020 3 Units sold Revenues Cost of goods sold 4 5 6 Variable manufacturing costs 7 Fixed manufacturing costs be 8 Total cost of goods sold Spe 9 Gross margin 4. Wh 5. If 10 Operating costs: 21800 11 6000,00 12 000,00 13 000.08 14 Operating income 000.8 Variable marketing costs $ 6,000 Fixed marketing & admin. costs m 10000114,000 000,008 Total operating costs $60,000 22,000 2120 15,000 $120,000 $ 82,000 $ 38,000 advertisin $ 20,000 $ 18,000 9V3 28-8 assilsizega soilique terique 2016152109110 Boivisa traits Testuss nousteinimba 1. Recast the income statement to emphasize contribution margin. 2. Calculate the contribution margin percentage and breakeven point in units and revenues for June 2020. 3. What is the margin of safety (in units) for June 2020? SIGU518J adun.mp3 S 4. If sales in June were only 12,000 units and Roma Skincare's tax rate is 30%, calculate its net income.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 5 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS