QuickHelper

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    Phoniex
    Jul-2007 - Jun-2012

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    ChevronTexaco Corporation
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Category > Accounting Posted 19 Sep 2017 My Price 5.00

What is the contribution margin per cookie

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Mary Smith sells gourmet chocolate chip cookies. The results of her last month of operations are as follows:

Sales revenue

  

$

49,098

  

Cost of goods sold (all variable)

    

25,114

  

Gross margin

    

23,984

  

Selling expenses (20% variable)

    

7,225

  

Administrative expenses (60% variable)

    

12,252

  

Operating income

  

$

4,507

  

 

Contribution format Income statement for Mary

 

Sales Revenue                                                                          49098

Variable Expenses         

Cost of Goods Sold           25,114

Selling Expense                 1,445

Administrative Expense    ­­­­­­7,351

Total Variable Expense                                                           33,910

Contribution Margin                                                                15,188

Fixed Expenses                                                                                                                                 

Selling Expense 80%                        5,780

Administrative Expense 40%           4,901

Total Fixed Expenses                                                               10681

Operating Income                                                                    $4,507

 

 

Answers

QuickHelper
(10)
Status NEW Posted 19 Sep 2017 09:09 AM My Price 5.00

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