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Problem 8-6 Ellie Manufacturing Company produces three products: A, B, and C. The income statement for 2011 is as follows: Sales $200,000 Less: Variable cost 127,000 Contribution margin $73,000 Less fixed cost: Manufacturing Selling and administrative $20,000 14,000 34,000 Operating income $39,000 The sales, contribution margin ratios, and direct fixed expenses for the three types of products are as follows: Sales Contribution margin ratio Direct fixed expenses of products A $60,000 35% $8.000 B $40,000 30% $5.000 с $100,000 40% $4.000

Problem 8-6 Ellie Manufacturing Company produces three products: A, B, and C. The income statement for 2011 is as follows: Sales $200,000 Less: Variable cost 127,000 Contribution margin $73,000 Less fixed cost: Manufacturing Selling and administrative $20,000 14,000 34,000 Operating income $39,000 The sales, contribution margin ratios, and direct fixed expenses for the three types of products are as follows: Sales Contribution margin ratio Direct fixed expenses of products A $60,000 35% $8.000 B $40,000 30% $5.000 с $100,000 40% $4.000

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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Required: Prepare income statements segmented by products. Enter all amounts as positive numbers. Ellie Manufacturing Company Income Statement For the Year 2011 B Total с Total
Transcribed Image Text:Required: Prepare income statements segmented by products. Enter all amounts as positive numbers. Ellie Manufacturing Company Income Statement For the Year 2011 B Total с Total
Problem 8-6 Ellie Manufacturing Company produces three products: A, B, and C. The income statement for 2011 is as follows: Sales $200,000 Less: Variable cost 127,000 Contribution margin $73,000 Less fixed cost: Manufacturing Selling and administrative 34,000 $39,000 The sales, contribution margin ratios, and direct fixed expenses for the three types of products are as follows: Operating income Sales $20,000 14,000 Contribution margin ratio Direct fixed expenses of products A $60,000 35% $8,000 B $40,000 30% $5,000 с $100,000 40% $4,000
Transcribed Image Text:Problem 8-6 Ellie Manufacturing Company produces three products: A, B, and C. The income statement for 2011 is as follows: Sales $200,000 Less: Variable cost 127,000 Contribution margin $73,000 Less fixed cost: Manufacturing Selling and administrative 34,000 $39,000 The sales, contribution margin ratios, and direct fixed expenses for the three types of products are as follows: Operating income Sales $20,000 14,000 Contribution margin ratio Direct fixed expenses of products A $60,000 35% $8,000 B $40,000 30% $5,000 с $100,000 40% $4,000
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