When the company sells 20,000 units, what is the total indirect selling expense that cannot be readilytraced to individual sales representatives? Required information[The following information applies to the questions displayed below.]Kubin Company's relevant range of production is 18,000 to 22,000 units. When it producesand sells 20,000 units, its average costs per unit are as follows:Direct materialsDirect laborVariable manufacturing overheadFixed manufacturing overheadFixed selling expenseFixed administrative expenseSales commissionsVariable administrative expenseAverage Costper Unit$ 7.00$ 4.00$ 1.50$ 5.00$ 3.50$ 2.50$ 1.00$ 0.50

The manufacturing overhead means the indirect expenses spent throughout the production process that…

Answered: When the company sells 20,000 units,…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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Problem 1Q

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ABC Ltd. incurred the following costs while manufacturing its product. Property taxes on store 7500 Advertising expense 45000 Delivery expense 21000 Sales commissions 35000 Salaries paid to sales clerks 50000 Sales revenue 445000 Sales Discount 15000 COGS 337900 Work in process inventory was 12000 at January 1 and 15500 at December 31. Finished goods inventory was 60000 at January 1 and 45600 at December 31. Compute gross profit.Single line text.
Fill in the missing amounts. Assume that there are no nonoperating activites. Sales revenue Sales returns and allowances Net sales Cost of goods sold Gross profit Operating expenses Net income Wildhorse Company $96,090 87,000 50,895 18,980 (a) (b) (c) Novak Company $6,690 105,000 48,300 15,300 (d) (e) (f)
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Complete this question by entering your answers in the tabs below. Required A Assume that only one product is being sold in each of the four following case situations: (Loss amounts should be indicated by a minus sign.) Case 1 Case 2 Case 3 Case 4 Units sold 8,700 19,200 5,100 Sales $261,000 $300,000 $173,400 Variable expenses 174,000 211,200 Fixed expenses 91,000 174,000 75,000 Net operating income (loss) $6,000 $145,400 $1,500 Contribution margin per unit $12 $12
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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.
Cherokee Incorporated is a merchandiser that provided the following information: Amount Number of units sold 10,000 Selling price per unit $ 16 Variable selling expense per unit $2 Variable administrative expense per unit $ 1 Total fixed selling expense $ 19,000 Total fixed administrative expense $ 16,000 Beginning merchandise inventory $ 11,000 Ending merchandise inventory $ 23,000 Merchandise purchases $ 87,000 Required: 1. Prepare a traditional income statement. 2. Prepare a contribution format income statement.
Todrick Company is a merchandiser that reported the following information based on 1,000 units sold: Sales $ 300,000 Beginning merchandise inventory $ 20,000 Purchases $ 200,000 Ending merchandise inventory $ 7,000 Fixed selling expense ?question mark Fixed administrative expense $ 12,000 Variable selling expense $ 15,000 Variable administrative expense ?question mark Contribution margin $ 60,000 Net operating income $ 18,000 3. Calculate the selling price per unit. 4. Calculate the variable cost per unit. 5. Calculate the contribution margin per unit.
What would operating income be if only 2,800 snowboards were sold in a quarter? You can assume no change to fixed expenses will occur if sales decline to 2,800 snowboards. Will there be an operating income or Operating loss?
Rowan coffee co. Incurs a loss from operations for the standard coffee line. Sales revenue for the line total $72,000 while incurring variable cost of goods sold of $19,500, variable selling expenses of 17,400 and a fixed cost of $ 49,000. How do I determine if the standard coffee line should be continued or discontinued??
Find the missing amounts, and be sure to label your Presented here are the components in Wildhorse Company's income statement. Determine the missing amounts. Sales Revenue $81,000 A Cost of Goods Sold B $69,000 Gross Profit $77,800 $57,000 Operating Expenses C $46,000 Net Income $17,000 D

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When the company sells 20,000 units, what is the total indirect selling expense that cannot be readily traced to individual sales representatives?