Compute the missing amounts in the contribution income statement shown below:Note: Round "Per Unit" answers to 2 decimal places.Number of units soldSalesVariable costsContribution marginFixed costsIncomeCompany ATotalPer unit$ 567,100 $ 107.00360,400$ 132,500Company B2,500Total155,000212,50077,500Per unit

Contribution means the difference between the selling price and variable cost.Fixed cost when…

Answered: missing amounts in the contribution…

Business

Accounting

missing amounts in the contribution income statement shown below "Per Unit" answers to 2 decimal places.

Financial And Managerial Accounting

15th Edition

ISBN:9781337902663

Author:WARREN, Carl S.

Publisher:WARREN, Carl S.

Chapter21: Variable Costing For Management analysis

Section: Chapter Questions

Problem 5BE: Contribution margin by segment The following information is for LaPlanche Industries Inc.: Determine...

See similar textbooks

Related questions

Q: ! Required information LeMay Department Store uses the retail inventory method to estimate ending…

A: Particulars cost retailBeginning inventory $43000…

Q: NCAA Bracket Corp. has the following inventory on hand as of 12/31/17. The inventory is grouped into…

A: The inventory may be valued under the LIFO method, FIFO method, weighted average method, or specific…

Q: In the late June of each year, BOS Global Ltd prepares a cash budget for the next 6 months. The…

A: Cash budget is a statement which shows the estimated cash receipts and payments for the upcoming…

Q: Required: 1. How much cafeteria cost should be charged to each division for June? 2. Assume the…

A: Working Notes:1. Total Cost charged :a. Auto Division b. Truck Division

Q: [The following information applies to the questions displayed below.] Watko Entertainment Systems…

A: Answer:- When the results of both options are the same, the condition is referred to as the…

Q: Tempo Company's fixed budget (based on sales of 12,000 units) folllows. Fixed Budget Sales (12,000…

A: Variable cost is the cost that changes with change in the activity of cost driver used. The variable…

Q: ner in the JK partnership. She materially participates. Her adjusted outside basis in the…

A: The partner's adjusted outside basis in the partnership is deducted from partnership losses. The…

Q: Use the following information for the Problems below. The following data pertain to three divisions…

A: ROI means return on investment. It is the measure that helps to determine the percentage return…

Q: Carol Garcia Company was formed on December 1, 2024. The following information is available from…

A: LIFO, or Last-in, first-out, is an inventory valuation method that specifies that the inventory…

Q: nly on or and overhead per equivalent unit cross two periods in computing equivalent units.…

A: The production process involves steps which start from material requisition and ends with the…

Q: Calculate depreciation. A machine cost $165,000 on April 28, 2021. Its estimated salvage value is…

A: There are two types of depreciation methods i.e., the accelerated method and the straight-line…

Q: Givoly Incorporated uses a periodic inventory system. At the end of the annual accounting period,…

A: First-in First-Out Method - Under the First-in First-Out Method the company uses inventory in the…

Q: 5

A: Depreciation is the process of reducing the value of the assets. It is a non-cash expense of the…

Q: Presented here are long-term liability items for Teal Mountain Inc. at December 31, 2022. Bonds…

A: Balance sheet is a financial statement that shows profitability, total revenue and total expenses…

Q: Zolnick Enterprises has two hourly employees-Kelly and Jon. Both employees earn overtime at the rate…

A: Gross pay refers to the total amount of money an employee earns before any deductions, such as…

Q: A company was granted R12 000 to assist in the financing of mining expenses. The grant was…

A: A journal entry is a basic accounting record that is used to chronologically track financial…

Q: Problem 9-8 Calculating the Amount of Disability Benefits [LO7] Kennedi Stapleton, a widow, has…

A: Insurance is a legal agreement between the person who wants financial protection for the loss that…

Q: A customer has requested that Lewelling Corporation fill a special order for 2,700 units product S47…

A: Relevant cost is the cost which differs between the two alternatives or the cost which is avoidable.…

Q: Tanger Company has three customers: E, F, and G. The beginning accounts receivable subsidiary ledger…

A: Accounts receivable is the amount of credit sales that are receivable from customers for goods sold…

Q: Question Content Area Bentz Co. has two divisions, A and B. Invested assets and condensed income…

A: Income statement is a financial statement that records all the income and expenses of the business…

Q: Zeke's Bikes uses a standard cost system and provides the following information: Standards:…

A: (1) Determining Variable Overhead Allocation Rate:Budgeted VOH÷Budgeted Number of Units=Standard VOH…

Q: eBook Show Me How Question Content Area Differential Analysis for a Lease-or-buy Decision Moffett…

A: Differential analysis is a management accounting technique in which we assess only the changes in…

Q: Flounder's Sporting Stores Inc. reported the following cost and net realizable value information for…

A: According to Inventory valuation, inventory is valued at lower of cost and net realizable value.…

Q: Shadee Corporation expects to sell 540 sun shades in May and 370 in June. Each shades sells for $11.…

A: Cash collection budget :— This budget is prepared to estimate the collection of sales from customers…

Q: MCO Leather manufactures leather purses. Each purse requires 2 pounds of direct materials at a cost…

A: Production budget is the statement prepared by the entity for the purpose of determining the units…

Q: Phillips Supply uses a periodic inventory system but needs to determine the approximate amount of…

A: The retail sales method is an effective method of inventory valuation.. This method uses the…

Q: The following data were taken from the records of Kingbird Company for the fiscal year ended June…

A: Income statement is the financial statement which is prepared by the entity for the purpose of…

Q: Video Planet ("VP") sells a big screen TV package consisting of a 60-inch plasma TV, a universal…

A: COST ALLOCATION When items of cost are identifiable directly with products or departments such costs…

Q: Carol Garcia Company was formed on December 1, 2024. The following information is available from…

A: Ending inventory is the amount of inventory that an entity has on hand at the end of the period. It…

Q: Blue Spruce Corporation had sales revenue of $5,870,000 and investment revenue of $226,000 for the…

A: Multi Step Income Statement is a company's financial statement in a format presenting revenues,…

Q: de Vintners produces and sells wine. The following data concern the three varietals of white wine…

A: The term "variance" describes the discrepancy between the actual costs incurred and the planned or…

Q: The variable overhead expenditure and efficiency variances are: PQR has prepared the following…

A: Variance analysis is one of the technique used for management accounting. Under this, all standard…

Q: Dill Shipyards operates a dry dock on the East Coast, where it builds and repairs ships. The…

A: "Cost allocation" is a financial and accounting technique that is used to allocate and assign…

Q: Huron Company produces a cleaning compound known as Zoom. The direct materials and direct labor…

A: Standard data is calculated by considering budgeted data and using actual data.Variance refers to…

Q: MARTINE LTD. Comparative Income Statement For the Years Ended October 31, Year 1 and Year 2 Sales…

A: Lets understand the basics.Income statement analysis can be made using,(1) Verticle analysis(2)…

Q: From the following data, determine the total actual costs incurred for direct material, direct…

A: Given information: Standard costs (in $) Variance Formulas Remark Direct material…

Q: Kristen Lu purchased a used automobile for $25,950 at the beginning of last year and incurred the…

A: Variable costs are costs that vary with the change in the level of output whereas fixed costs are…

Q: Product Pricing using the Cost-Plus Approach Methods; Differential Analysis for Accepting Additional…

A: "Since you have asked a question with sub-parts more than three, as per guidelines, the first three…

Q: The trial balance of Blossom Company at the end of its fiscal year, August 31, 2022, includes these…

A: COGS is known as Cost of Goods Sold. These are the direct costs which occur in producing the goods…

Q: Easy Clean operates a chain of dry cleaners. It is experimenting with the use of a…

A: "Estimated Operating Costs" are the expenditures that a company or organization expects to incur in…

Q: Davenport Inc. offers a new employee a single-sum signing bonus at the date of employment.…

A: The amount paid in 3 years later is = $67000The present value of this amount…

Q: The Berry Corporation owns a building with a basis of $40,000 that is subject to a debt of $…

A: The Fair Market Value (FMV) of a building is the price that the property would sell for on the open…

Q: Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct…

A: Material variances are popularly known as material cost variance .These are of three types.They are…

Q: 1. Having a clean electronic image includes: A. Maintaining a professional voice mail message…

A: The first question is about understanding what constitutes a clean electronic image. A clean…

Q: Beckman Enterprises purchased a depreciable asset on October 1, Year 1 at a cost of $152,000. The…

A: The question is based on the concep of Depreciation Accounting.Depreciation is the decrease in the…

Q: Vaughn Company has accumulated the following budget data for the year 2025. Sales: 31,320 units,…

A: Income statement is a financial statement that records all the income and expenses of the business…

Q: The City of Amarillo is authorized to issue $9,000,000, 3 percent regular serial bonds in 2023 for…

A: The value of issued bonds is $9000000 Given that interest is paid on semi annual basis That is on…

Q: Cane Company manufactures two products called Alpha and Beta that sell for $175 and $135,…

A: When there is a resource which is restrained then instead of simply calculating contribution margin…

Q: The Finishing Department had 6,700 incomplete units in its beginning Work-in-Process Inventory which…

A: EQUIVALENT UNITS OF PRODUCTION Equivalent Production is represents the production of a process in…

Q: The following facts pertain to a non-cancelable lease agreement between Pharoah Leasing Company and…

A: Meaning of lease : An agreement of contract that is prepared to transfer the right to use the…

Question

Compute the missing amounts in the contribution income statement shown below:
Note: Round "Per Unit" answers to 2 decimal places.
Number of units sold
Sales
Variable costs
Contribution margin
Fixed costs
Income
Company A
Total
Per unit
$ 567,100 $ 107.00
360,400
$ 132,500
Company B
2,500
Total
155,000
212,500
77,500
Per unit

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1: Introduction

VIEW

Step 2: Working notes for the calculation of the missing amounts

VIEW

Solution

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 3 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

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

Which of the following types of cost is shown in this table of cost data? Cost per Unit $6,000 3,000 2,000 1,500 b. fixed cost Number of Units C. variable cost d. period cost 1 A WN 2 3 4
Determine the missing amounts in the following table: unit sales price unit varible costs unit contribution margin contribution margin ratio (%) $22 10 10 24 50 25
Warm Hands, a small company based in Prince Edward Island, manufactures and sells two types of lightweight gloves for runners- Warm and Cozy. Current revenue, cost, and unit sales data for the two products appear below: Warm Cozy $15.00 Selling price per pair Variable expenses per pair Number of pairs sold monthly $10.00 $ 2.50 $ 7.50 2,100 units 700 units Fixed expenses are $2,520 per month.
Determine the missing amounts. Unit Selling Price Unit Variable Costs Unit Contribution Margin Contribution Margin Ratio 1. $300 $165 A. B. 2. $600 C. $150 D. 3. E. F. $440 40%
On the cost-volume-profit graph, the area between the total cost line and the sales line after the break-even point represents: O a. The contribution margin per unit O b. The profit area O c. The variable cost amount O d. The fixed cost amount O e. The loss area US PAGE NEXT PAGE nere to search O W 19:09 A O D a d) ENG 07-04-2021 hp prt sc delete home end & 9 + backspace num lock R T P home D F G H K enter レ pause ↑ shift 11 end alt ctrl
Identify each cost below as variable (V), fixed (F), or mixed (M), relative to units sold. Explain your reasons Reason $ M Units Sold a. Total phone cost b. Materials cost per unit C. Manager's salary d. Depreciation cost per unit e. Total utility cost f. Total cost of goods sold 25 150 $ 35 3,000 60 400 3,125 50 200 $ 35 3,000 75 100V, F, or M 250 $ 300 35 35 3,000 3,000 2015 900 1,150 9,375 12,500 F 30 650 6,250 reasons 1. Does not change in total over wide ranges of volume/inversely proportional to the number of units produced while total cost remains constant. 2- It is directly proportional to the number of units produced. The total cost changes as volume changes and in direct proportion. 3-The total cost changes as volume changes, but not in direct proportion.
I need help figuring out the operating expenses Using the format y = mx + b, develop a cost formula for total expenses. (Round unit cost to 2 decimal places, e.g. 52.75 and all other answers to 0 decimal places, e.g. 5,275.) Operating expenses = $_________ X + $____________
What is the amount of the income from operations that would be reported on the variable costing income statement? a. $519,870 Ob. $426,040 Oc. $511,330 Od. $396,930
Fill in the missing amounts in each of the eight case situations below. Each case is independent of the others. (Hint: One way to find the missing amounts would be to prepare a contribution format income statement for each case, enter the known data, and then compute the missing items.) Required: a. Assume that only one product is being sold in each of the following four case situations: Unit sold Sales Variable expenses Foxed expenses Operating income (loss) Contribution margin per unit $ Case #1 15,000 180,000 $ 100,000 120,000 50,000 $ $ Case #2 Case #1 Case #3 10,000 Case #2 70,000 $ 32,000 8,000 $ 12,000 $ 10 $ 13 Case #4 b. Assume that more than one product is being sold in each of the following four case situations: (Enter "Contribution margin ratio" in percent. Round your final answers to the nearest whole dollar amount.) Case #3 6,000 300,000 100,000 (10,000) Case #4
What type of cost exhibits the behavior shown below? Manufacturing Volume (Units) Cost Per Unit 50,000 $1.95 70,000 1.95 Select one: a. Discretionary fixed cost b. Step-fixed cost. c. Semivariable cost.d. Variable cost. e. Fixed cost
The following three data points appear to be Units Costs 100 $400 120 480 140 560 O a variable cost O a mixed cost O a fixed cost O a step cost
I se the following information to answer questions 1-6. Selling price per unit Luriable manufacturing cost per unit Fixed manufacturing cost per unit V'ariable selling cost per unit Fixed selling cost per unit Expected production and sales P100 20 30 25 10 1,000 units