The following information is available for Bramble Corp.:SalesCost of goodssold$5200000 0 0 0300000Total fixedexpensesA CVP income statement would reportcontributiongross profit of $220000.contributiongross profit of $260000.Total variableexpensesmargin of $260000.margin of $370000.$150000260000

The contribution margin is calculated as the difference between the sales and variable costs. The…

The following information is available for Bramble Corp.: Sales Cost of goods sold $520000 300000 Total fixed expenses Total variable expenses A CVP income statement would report contribution margin of $260000. gross profit of $220000. contribution margin of $370000. gross profit of $260000. $150000 260000

The following information is available for Bramble Corp.: Sales Cost of goods sold $520000 300000 Total fixed expenses Total variable expenses A CVP income statement would report contribution margin of $260000. gross profit of $220000. contribution margin of $370000. gross profit of $260000. $150000 260000

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: 1. Prepare a traditional income statement. 2. Prepare a contribution format income statement. I cannot for the life of me figure out the second portion of this.
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Assume the following information for a merchandising company: Number of units sold 20,000 Selling price per unit $ 30 Variable selling expense per unit $ 3.60 Variable administrative expense per unit $ 3.10 Fixed administrative expenses $ 50,000 Beginning merchandise inventory $ 24,000 Ending merchandise inventory $ 19,000 Merchandise purchases $ 340,000 What is the contribution margin?
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calculate the fixed and variable components of the selling and administrative expenses by dividing the change in cost of the selling and administrative expenses between 2009 and 2010 to change in sales between 2009 and 2010 and use it to determine the fixed and variable components of the cost of the selling and administrative expenses . Saunders Corporation (amounts in millions of dollars) 2009 2010 Sales 8,296 8,871 Cost of Goods Sold (5,890) (6,290) Selling and Administrative Expenses (1,788) (1,714) Operating Income before Income Taxes 618 867
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Take a look at the following company information: Sales (000s) Direct Materials (000s) Direct Labour (000s) Gross Profit (000s) Selling and Admin Expense (000s) Net profit $ 1566 $554 $ 211 $801 Answer: $ 162.5 $ If we decrease the direct materials cost by 2%, what is the new Net Profit? Show your answer to 2 decimals and include the correct unit.
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