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Sales price Variable cost of goods sold Manufacturing margin Variable selling expenses Contribution margin nquistador $6,200 (3,910) $2,290 (926) $1,364 (640) Hurricane $3,800 (2,550) $1,250 (642) $724 $608 (240) Fixed expenses Operating income n addition, the following sales unit volume information for the period is as follows: $368

Sales price Variable cost of goods sold Manufacturing margin Variable selling expenses Contribution margin nquistador $6,200 (3,910) $2,290 (926) $1,364 (640) Hurricane $3,800 (2,550) $1,250 (642) $724 $608 (240) Fixed expenses Operating income n addition, the following sales unit volume information for the period is as follows: $368

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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Sales price Variable cost of goods sold Manufacturing margin Variable selling expenses Contribution margin Sales unit volume Sales Conquistador $6,200 (3,910) $2,290 (926) $1,364 (640) Fixed expenses Operating income In addition, the following sales unit volume information for the period is as follows: Variable cost of goods sold Manufacturing margin Variable selling expenses Conquistador 3,200 $724 Hurricane $3,800 (2,550) $1,250 (642) Conquistador 19,840,000 a. Prepare a contribution margin by product report. Compute the contribution margin ratio for each product as a whole percent. Galaxy Sports Inc. Contribution Margin by Product 3,280 X $608 (240) $368 Hurricane 2,400 1,920 X $ Hurricane 9120000 ✓ 2,2 X 1,120 X
Transcribed Image Text:Sales price Variable cost of goods sold Manufacturing margin Variable selling expenses Contribution margin Sales unit volume Sales Conquistador $6,200 (3,910) $2,290 (926) $1,364 (640) Fixed expenses Operating income In addition, the following sales unit volume information for the period is as follows: Variable cost of goods sold Manufacturing margin Variable selling expenses Conquistador 3,200 $724 Hurricane $3,800 (2,550) $1,250 (642) Conquistador 19,840,000 a. Prepare a contribution margin by product report. Compute the contribution margin ratio for each product as a whole percent. Galaxy Sports Inc. Contribution Margin by Product 3,280 X $608 (240) $368 Hurricane 2,400 1,920 X $ Hurricane 9120000 ✓ 2,2 X 1,120 X
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