Weingartner Corporation, a merchandising company, reported sales of 4,800 units for July at a selling price of $269 per unit. The cost of goods sold (all variable) was $114 per unit and the variable selling expense was $6 per unit. The total fixed selling expense was $38,100. The variable administrative expense was $14 per unit and the total fixed administrative expense was $59,900. Required: Prepare a contribution format income statement for July. Prepare a traditional format income statement for July.
Weingartner Corporation, a merchandising company, reported sales of 4,800 units for July at a selling price of $269 per unit. The cost of goods sold (all variable) was $114 per unit and the variable selling expense was $6 per unit. The total fixed selling expense was $38,100. The variable administrative expense was $14 per unit and the total fixed administrative expense was $59,900. Required: Prepare a contribution format income statement for July. Prepare a traditional format income statement for July.
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter2: Basic Cost Management Concepts
Section: Chapter Questions
Problem 22E: Ellerson Company provided the following information for the last calendar year: During the year,...
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![Weingartner Corporation, a merchandising
company, reported sales of 4,800 units for July at
a selling price of $269 per unit. The cost of goods
sold (all variable) was $114 per unit and the
variable selling expense was $6 per unit. The total
fixed selling expense was $38,100. The variable
administrative expense was $14 per unit and the
total fixed administrative expense was $59,900.
Required: Prepare a contribution format income
statement for July. Prepare a traditional format
income statement for July.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Feb1171fb-889f-4d0d-ad84-beae93565f59%2F9a759a45-30ef-48c1-b030-902329ec8ddb%2Fpyfu2f_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Weingartner Corporation, a merchandising
company, reported sales of 4,800 units for July at
a selling price of $269 per unit. The cost of goods
sold (all variable) was $114 per unit and the
variable selling expense was $6 per unit. The total
fixed selling expense was $38,100. The variable
administrative expense was $14 per unit and the
total fixed administrative expense was $59,900.
Required: Prepare a contribution format income
statement for July. Prepare a traditional format
income statement for July.
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