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    Devry University
    Sep-2004 - Aug-2010

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  • Assistant Financial Analyst
    NatSteel Holdings Pte Ltd
    Aug-2007 - Jul-2017

Category > Accounting Posted 19 Dec 2017 My Price 10.00

Income Statement in Contribution Margin format

See Attachment. 

Sarah’s T-Shirts

Sarah’s T-Shirts business makes and sells tie dyed and embroidered T-Shirts. Sales information for the last year is shown below. During the year, Sarah’s fixed manufacturing costs were $40,000 and fixed Selling and Administrative costs were $50,000.

 

   

Tie Dyed

  

Embroidered

Sales units

  

15,000

  

8,000

Unit price

  

$ 12

  

$ 18

Variable manufacturing cost/unit

$  7

  

$   9

Sales commission (% sales)

10%

  

15%

 

Prepare an Income Statement in Contribution Margin format for Sarah’s business. Calculate breakeven units and revenue for her total business.

ACC200 Project – Complete in Excel – Due 8/13 Sarah’s T-Shirts Sarah’s T-Shirts business makes and sells tie dyed and embroidered T-Shirts. Sales information for the last year is shown below. During the year, Sarah’s fixed manufacturing costs were $40,000 and fixed Selling and Administrative costs were $50,000. Tie Dyed Embroidered Sales units 15,000 8,000 Unit price $ 12 $ 18 Variable manufacturing cost/unit $ 7 $ 9 Sales commission (% sales) 10% 15% Prepare an Income Statement in Contribution Margin format for Sarah’s business. Calculate breakeven units and revenue for her total business.
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Answers

CourseLover
(12)
Status NEW Posted 19 Dec 2017 03:12 PM My Price 10.00

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