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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
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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
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