Sales Variable Costs Cost of goods sold Selling Expenses Total Variable costs Contribution Margin Fixed Costs Admin Expenses Net Profit Total $3,599,100 $1,619,156 $41,500 $1,660,656 $1,938,444 $70,000 Department Department a $1,000,000 $597,600 $12,000 $609,600 $390,400 b $678,000 $224,100 $8,000 $232,100 Department C Department $382,311 $9,000 $391,311 d $921,000 $1,000,100 $415,145 $12,500 $427,645 a. Using contribution margin accounting cost analysis, what is the contribution margin for Department b? b. Contribution margin for Department c? C. Department d? d. What is your net profit for the total organization? 0
Sales Variable Costs Cost of goods sold Selling Expenses Total Variable costs Contribution Margin Fixed Costs Admin Expenses Net Profit Total $3,599,100 $1,619,156 $41,500 $1,660,656 $1,938,444 $70,000 Department Department a $1,000,000 $597,600 $12,000 $609,600 $390,400 b $678,000 $224,100 $8,000 $232,100 Department C Department $382,311 $9,000 $391,311 d $921,000 $1,000,100 $415,145 $12,500 $427,645 a. Using contribution margin accounting cost analysis, what is the contribution margin for Department b? b. Contribution margin for Department c? C. Department d? d. What is your net profit for the total organization? 0
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question

Transcribed Image Text:F
Sales
Variable Costs
Cost of goods sold
Selling Expenses
Total Variable costs
Contribution
Margin
Fixed Costs
Admin Expenses
Net Profit
Total
$3,599,100
$1,619,156
$41,500
$1,660,656
$1,938,444
$70,000
Department Department
a
$1,000,000
$597,600
$12,000
$609,600
$390,400
b
$678,000
$224,100
$8,000
$232,100
Department
C
$921,000
$382,311
$9,000
$391,311
Department
d
$1,000,100
$415,145
$12,500
$427,645
a. Using contribution margin accounting cost analysis, what is the contribution margin for
Department b?
b. Contribution margin for Department c?
C.
Department d?
d. What is your net profit for the total organization?
0
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!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 3 images

Recommended textbooks for you


Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,

Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,


Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,

Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,

Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON

Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education

Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education