Homework Help is Here – Start Your Trial Now!
Business
Accounting
F Start Stop Corporation Comparative Income Statement Three Months Ended December 31, 2018 21 Low 22 Change 23 24 Shipping Expense 25 Sal & Comm Exp Varlable Cost per Unit Varlable Cost per Unit Sales in Units Sales Revenue Cost of Goods Sold Gross Margin Selling & Admin Expenses: Shipping Expense Advertising Expense Salaries & Commissions Expense Insurance Expense Depreciation Expense Total Selling & Admin Expenses Net Operating Income 12,000 $1,200,000 $780.000 $420,000 8,000 $800,000 10,000 $1,000,000 $650,000 $350,000 26 27 Flxed Costs 28 Flned Costs $520,000 Shipping Expense Salarles & Comnissions Expense $280,000 29 30 Mixed Cost Function(Shipping Expense) 31 Mixed Cost Function(Sal & Comm Expense $35,000 $70,000 $122,000 $43,000 $70,000 $52,000 ) $70,000 32 $130,000 $165,000 33 $24,000 $24,000 Start Stop Corporation Income Staternent-Contribution Format $24,000 34 $4,000 $255,000 $25,000 $4,000 $315,000 $105,000 $4.000 35 $271.000 $79.000 36 Month Ended December 31. 2018 37 38 Sales Revenue 39 Variable Expenses: 40 Salarie Shipping Experse 41 Comm 42 Expene 43 Total Variable Expenses 44 Contribution Margin 45 Fixed Expenses High Low Change 46 47 48 Shipping Expense Sal & Comm Exp Variable Cost per Unit 49 Variable Cost per Unit 50 Fixed Costs Fixed Costs Shipping Expense Salaries & Commissions Expense 51 Total Fixed Expenses 52 Net Operating Income

F Start Stop Corporation Comparative Income Statement Three Months Ended December 31, 2018 21 Low 22 Change 23 24 Shipping Expense 25 Sal & Comm Exp Varlable Cost per Unit Varlable Cost per Unit Sales in Units Sales Revenue Cost of Goods Sold Gross Margin Selling & Admin Expenses: Shipping Expense Advertising Expense Salaries & Commissions Expense Insurance Expense Depreciation Expense Total Selling & Admin Expenses Net Operating Income 12,000 $1,200,000 $780.000 $420,000 8,000 $800,000 10,000 $1,000,000 $650,000 $350,000 26 27 Flxed Costs 28 Flned Costs $520,000 Shipping Expense Salarles & Comnissions Expense $280,000 29 30 Mixed Cost Function(Shipping Expense) 31 Mixed Cost Function(Sal & Comm Expense $35,000 $70,000 $122,000 $43,000 $70,000 $52,000 ) $70,000 32 $130,000 $165,000 33 $24,000 $24,000 Start Stop Corporation Income Staternent-Contribution Format $24,000 34 $4,000 $255,000 $25,000 $4,000 $315,000 $105,000 $4.000 35 $271.000 $79.000 36 Month Ended December 31. 2018 37 38 Sales Revenue 39 Variable Expenses: 40 Salarie Shipping Experse 41 Comm 42 Expene 43 Total Variable Expenses 44 Contribution Margin 45 Fixed Expenses High Low Change 46 47 48 Shipping Expense Sal & Comm Exp Variable Cost per Unit 49 Variable Cost per Unit 50 Fixed Costs Fixed Costs Shipping Expense Salaries & Commissions Expense 51 Total Fixed Expenses 52 Net Operating Income

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
E F G H H. Start Stop Corporation Comparative Income Statement Three Months Ended December 31, 2018 21 Low 22 Change 2. 23 4. Sales in Units Sales Revenue 8,000 $800,000 24 Shipping Expense 25 Sal & Comm Exp Varlable Cost per Unit Varlable Cost per Unit 10,000 $1,000,000 $650,000 $350,000 12,000 $1,200,000 $780,000 $420,000 6. 26 27 Flxed Costs 28 Flxed Costs 7 Cost of Goods Sold 8 Gross Margin o Selling & Admin Expenses: 10 Shipping Expense 11 Advertising Expense 12 Salaries & Commissions Expense 13 Insurance Expense 14 Depreciation Expense Total Selling & Admin Expenses 16 Net Operating Income $520,000 $280,000 Shipping Expense Salarles & Commissions Expense $35,000 $70,000 $43,000 $70,000 $52,000 $70,000 $165,000 29 30 Mixed Cost Function(Shipping Expense) 31 Mixed Cost Function(Sal & Comm Expense = 32 $122,000 $24,000 $130,000 $24,000 33 $24.000 34 Slart Stop Corporation $4,000 $255,000 $25,000 $4.000 $4,000 $315,000 $105,000 35 Income Staternent-Contribution Format 15 $271.000 36 Month Ended December 31, 2018 $79,000 37 38 Sales Revenue 39 Variable Expenses: 17 18 40 Shipping Expente Salaries & Comm 41 19 42 Expense Total Variable Expenses 44 Contribution Margin 45 Fixed Expenses: 43 20 High 21 Low 22 Change 46 23 47 48 24 Shipping Expense 25 Sal & Comm Exp Variable Cost per Unit Variable Cost per Unit 49 50 26 27 Fixed Costs 28 Fixed Costs Shipping Expense Salaries & Commissions Expense 51 Total Fixed Expenses 52 Net Operatng Income
Transcribed Image Text:E F G H H. Start Stop Corporation Comparative Income Statement Three Months Ended December 31, 2018 21 Low 22 Change 2. 23 4. Sales in Units Sales Revenue 8,000 $800,000 24 Shipping Expense 25 Sal & Comm Exp Varlable Cost per Unit Varlable Cost per Unit 10,000 $1,000,000 $650,000 $350,000 12,000 $1,200,000 $780,000 $420,000 6. 26 27 Flxed Costs 28 Flxed Costs 7 Cost of Goods Sold 8 Gross Margin o Selling & Admin Expenses: 10 Shipping Expense 11 Advertising Expense 12 Salaries & Commissions Expense 13 Insurance Expense 14 Depreciation Expense Total Selling & Admin Expenses 16 Net Operating Income $520,000 $280,000 Shipping Expense Salarles & Commissions Expense $35,000 $70,000 $43,000 $70,000 $52,000 $70,000 $165,000 29 30 Mixed Cost Function(Shipping Expense) 31 Mixed Cost Function(Sal & Comm Expense = 32 $122,000 $24,000 $130,000 $24,000 33 $24.000 34 Slart Stop Corporation $4,000 $255,000 $25,000 $4.000 $4,000 $315,000 $105,000 35 Income Staternent-Contribution Format 15 $271.000 36 Month Ended December 31, 2018 $79,000 37 38 Sales Revenue 39 Variable Expenses: 17 18 40 Shipping Expente Salaries & Comm 41 19 42 Expense Total Variable Expenses 44 Contribution Margin 45 Fixed Expenses: 43 20 High 21 Low 22 Change 46 23 47 48 24 Shipping Expense 25 Sal & Comm Exp Variable Cost per Unit Variable Cost per Unit 49 50 26 27 Fixed Costs 28 Fixed Costs Shipping Expense Salaries & Commissions Expense 51 Total Fixed Expenses 52 Net Operatng Income
H. C Start Stop Corporation Income Statement-Contribution Format Month Ended December 31, 2010 Salaries & 1 1. Shipping Expense Comm 2 3 Units Expense $165,000 $122,000 4 High 12,000 $52,000 Sales Revenue $1,200,000 3 Low 8,000 Variable Expenses: $35,000 Change 4,000 $17,000 $43,000 Cost of Goods Sold $780,000 7 Shipping Expense Salaries & Commissions Expense Total Variable Expenses 8 $51,000 Shipping Expense Sal & Comm Exp $129,000 $960,000 $17000/4,000- =======> $4.25 Variable Cost per Unit 10 7 $43,000/4,000======= $10.75 Variable Cost per Unit 11 Contribution Margin 12 Fixed Expenses: $240,000 8 Fixed Costs $52,000-12,000($4.25)%=D%33====-===> 10 Fixed Costs $165,000-12,000($10.75)= 13 Shipping Expense 14 Advertising Expense 15 Salaries & Commissions Expense Insurance Expense 17 Depreciation Expense Total Fixed Expenses 9 $1,000 Shipping Expense $36,000 Salaries & Commissions Expense $1,000 $70,000 $36,000 $24,000 11 16 Mixed Cost Function(Shipping Expense)=33========== 13 Mixed Cost Function(Sal & Comm Expense)- 12 Y=$1,000+$4.25X $4,000 -3-===- Y=$36,000+$ 10.75X $135,000 $105,000 18 14 19 Net Operating Income 15 20 21 16
Transcribed Image Text:H. C Start Stop Corporation Income Statement-Contribution Format Month Ended December 31, 2010 Salaries & 1 1. Shipping Expense Comm 2 3 Units Expense $165,000 $122,000 4 High 12,000 $52,000 Sales Revenue $1,200,000 3 Low 8,000 Variable Expenses: $35,000 Change 4,000 $17,000 $43,000 Cost of Goods Sold $780,000 7 Shipping Expense Salaries & Commissions Expense Total Variable Expenses 8 $51,000 Shipping Expense Sal & Comm Exp $129,000 $960,000 $17000/4,000- =======> $4.25 Variable Cost per Unit 10 7 $43,000/4,000======= $10.75 Variable Cost per Unit 11 Contribution Margin 12 Fixed Expenses: $240,000 8 Fixed Costs $52,000-12,000($4.25)%=D%33====-===> 10 Fixed Costs $165,000-12,000($10.75)= 13 Shipping Expense 14 Advertising Expense 15 Salaries & Commissions Expense Insurance Expense 17 Depreciation Expense Total Fixed Expenses 9 $1,000 Shipping Expense $36,000 Salaries & Commissions Expense $1,000 $70,000 $36,000 $24,000 11 16 Mixed Cost Function(Shipping Expense)=33========== 13 Mixed Cost Function(Sal & Comm Expense)- 12 Y=$1,000+$4.25X $4,000 -3-===- Y=$36,000+$ 10.75X $135,000 $105,000 18 14 19 Net Operating Income 15 20 21 16
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Income Statement Analysis
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar 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