Rovinsky Corp, a company that produces and sells a single product, has provided its contribution format income statement for November. Sales (5,700 units) Variable Expenses Contribution Margin 131,100 Fixed Expenses Net Operating Income 24,600 $319,200 188,100 106,500 If the selling price increased 10% and the variable cost decreased by 5%, and advertising increase by 3,800, prepare the contribution margin income statement.

Rovinsky Corp, a company that produces and sells a single product, has provided its contribution format income statement for November. Sales (5,700 units) Variable Expenses Contribution Margin 131,100 Fixed Expenses Net Operating Income 24,600 $319,200 188,100 106,500 If the selling price increased 10% and the variable cost decreased by 5%, and advertising increase by 3,800, prepare the contribution margin income statement.

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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Sorin Incorporated, a company that produces and sells a single product, has provided its contribution format income statement for January. Sales (3,500 units) $ 94,500 Variable expenses 41,580 Contribution margin 52,920 Fixed expenses 40,700 Net operating income $ 12,220 If the company sells 3,800 units, its total contribution margin should be closest to: (Do not round intermediate calculations.) Multiple Choice $52,920 $57,456 $71,700 $13,267
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A manufacturer's contribution margin income statement for the year follows. Prepare contribution margin income statements for each of the three separate cases below. Contribution Margin Income Statement Sales (12,500 units x $12 per unit) Variable costs (12,500 units x $7 per unit) Contribution margin (12,500 units x $5 per unit Fixed costs Income 1. The 12,500 units produced and sold increases to 13,000 units and fixed costs increase by $5,800. 2. Unit selling price decreases by 4% and units produced and sold increase by 8%. Hint: A unit increase has both a sales and costs impact. 3. Fixed costs increase by $20,800, variable costs per unit decrease by $2, and units produced and sold increase by 400. $ 150,000 87,500 62,500 49,000 $ 13,500 1. The 12,500 units produced and sold increases to 13,000 units and fixed costs increase by $5,800. Contribution Margin Income Statement Sales Variable costs Contribution margin Fixed costs Income (loss) Sales Variable costs Contribution margin Fixed…
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