Managerial Accounting for Managers
Managerial Accounting for Managers
4th Edition
ISBN: 9781259578540
Author: Eric Noreen, Peter C. Brewer Professor, Ray H Garrison
Publisher: McGraw-Hill Education
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Chapter 3, Problem 3.15E

1.

To determine

Concept Introduction:

Contribution Margin: It is calculated by dividing the contribution with sales. This percentage tells company about the performance of the company. Contribution is calculated after deducting the variable expenses from sales.

To Calculate: Contribution Margin income statement.

2.

To determine

Concept Introduction:

Contribution Margin: It is calculated by dividing the contribution with sales. This percentage tells company about the performance of the company. Contribution is calculated after deducting the variable expenses from sales.

To Calculate: Change in operating Income and Amount of operating income.

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Department B had 12,000 units in work in process that were 75% completed as to labor and overhead at the beginning of the period; 52,400 units of direct materials were added during the period; 48,000 units were completed during the period, and 9,500 units were 60% completed as to labor and overhead at the end of the period. All materials are added at the beginning of the process. The first-in, first-out method is used to cost inventories. The number of equivalent units of production for conversion costs for the period was ____ Units.
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