Income Statement - Cover-to-Cover Cover-to-Cover Company Contribution Margin Income Statement For the Year Ended December 31, 2018 Sales Variable costs: Manufacturing expense Selling expense Administrative expense Contribution margin Fixed costs: Manufacturing expense Selling expense Administrative expense Operating income Income Statement - Biblio Files $248,400 20,700 62,100 Sales Variable costs: Manufacturing expense Selling expense Administrative expense Contribution margin Fixed costs: Manufacturing expense $5,000 4,000 11,700 Biblio Files Company Contribution Margin Income Statement For the Year Ended December 31, 20Y8 $165,600 16,560 66,240 $85,500 $414,000 (331,200) $82,800 (20,700) $62,100 $414,000 (248,400) $165,600

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Income Statement - Cover-to-Cover
Cover-to-Cover Company
Contribution Margin Income Statement
For the Year Ended December 31, 2018
Sales
Variable costs:
Manufacturing expense
Selling expense
Administrative expense
Contribution margin
Fixed costs:
Manufacturing expense
Selling expense
Administrative expense
Operating income
Income Statement - Biblio Files
$248,400
20,700
62,100
Sales
Variable costs:
Manufacturing expense
Selling expense
Administrative expense
Contribution margin
Fixed costs:
Manufacturing expense
Selling expense
Administrative expense
Operating income
$5,000
4,000
11,700
Biblio Files Company
Contribution Margin Income Statement
For the Year Ended December 31, 20Y8
$165,600
16,560
66,240
$85,500
8,000
10,000
$414,000
(331,200)
$82,800
(20,700)
$62,100
$414,000
(248,400)
$165,600
(103,500)
$62,100
Transcribed Image Text:Income Statement - Cover-to-Cover Cover-to-Cover Company Contribution Margin Income Statement For the Year Ended December 31, 2018 Sales Variable costs: Manufacturing expense Selling expense Administrative expense Contribution margin Fixed costs: Manufacturing expense Selling expense Administrative expense Operating income Income Statement - Biblio Files $248,400 20,700 62,100 Sales Variable costs: Manufacturing expense Selling expense Administrative expense Contribution margin Fixed costs: Manufacturing expense Selling expense Administrative expense Operating income $5,000 4,000 11,700 Biblio Files Company Contribution Margin Income Statement For the Year Ended December 31, 20Y8 $165,600 16,560 66,240 $85,500 8,000 10,000 $414,000 (331,200) $82,800 (20,700) $62,100 $414,000 (248,400) $165,600 (103,500) $62,100
Review the contribution margin income statements for Cover-to-Cover Company and Biblio Files Company on their respective Income Statements. Complete the following table from the data provided on the income statements. Each company sold 82,800 units during the year.
Cover-to-Cover
Company
Biblio Files
Company
Contribution margin ratio (percent)
Unit contribution margin
Break-even sales (units)
Break-even sales (dollars)
$
%
Transcribed Image Text:Review the contribution margin income statements for Cover-to-Cover Company and Biblio Files Company on their respective Income Statements. Complete the following table from the data provided on the income statements. Each company sold 82,800 units during the year. Cover-to-Cover Company Biblio Files Company Contribution margin ratio (percent) Unit contribution margin Break-even sales (units) Break-even sales (dollars) $ %
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