Mendenhove Personal training revenue Produd $143.000 Penalt $76.000 OA $214,000 OB $363.000 Cost of product s Fort de suf wagen expense a contribution margin income statement is prepared for the ye $35.000 Rantal insurance expense $13,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Jear's Finess Club provides monthly memberships as well as personal training sessions. The personal trainers eam 50% of the revenue for all personal training sessions. The Feness Club also
sels nutrition products. Jean's general ledger accounts indicate the following for the year. The front desk staff wages expense remains the same throughout the year
Account
Membership revenue
Personal training revenue
Product sales
Amount
$143.000
$76.000
$60.000
$35.000
$13,000
OA $214,000
OB. $393,000
OC. $181,000
OD. $287.000
Account
Personal trainer wages expense
Space rental expense
Straight line depreciation expense
Rental insurance expense
Cost of product sold
Front desk staff wages expense
If a contribution margin income statement is prepared for the year, what is operating income?
Anount
$11,000
$4,000
$3,000
Transcribed Image Text:Jear's Finess Club provides monthly memberships as well as personal training sessions. The personal trainers eam 50% of the revenue for all personal training sessions. The Feness Club also sels nutrition products. Jean's general ledger accounts indicate the following for the year. The front desk staff wages expense remains the same throughout the year Account Membership revenue Personal training revenue Product sales Amount $143.000 $76.000 $60.000 $35.000 $13,000 OA $214,000 OB. $393,000 OC. $181,000 OD. $287.000 Account Personal trainer wages expense Space rental expense Straight line depreciation expense Rental insurance expense Cost of product sold Front desk staff wages expense If a contribution margin income statement is prepared for the year, what is operating income? Anount $11,000 $4,000 $3,000
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