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    Polytechnic State University Sanluis
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Category > Accounting Posted 23 May 2017 My Price 5.00

Prepare a new contribution format income statement under each

EXERCISE 4–1 Preparing a Contribution Format Income Statement [LO1]

White Limited’s most recent income statement is shown below:

 

 

Total

Per Unit

Sales (6,000 units) . . . . . . . . . . . . . . . . . . . .

$312,000

$52.00

Variable expenses . . . . . . . . . . . . . . . . . . . . .

 216,000

 36.00

Contribution margin. . . . . . . . . . . . . . . . . . .

96,000

$16.00

Fixed expenses. . . . . . . . . . . . . . . . . . . . . . . .

84,000

 

Operating income . . . . . . . . . . . . . . . . . . . . .

$ 12,000

 

 

Required:

Prepare a new contribution format income statement under each of the following conditions (consider each case independently):

1.               The sales volume increases by 200 units.

2.               The sales volume declines by 200 units.

3.               The sales volume is 5,250 units.

 

Answers

Alpha Geek
(8)
Status NEW Posted 23 May 2017 05:05 PM My Price 5.00

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Attachments

file 1495560991-Answer.docx preview (208 words )
E-----------XER-----------CIS-----------E 4-----------–-----------1 P-----------rep-----------ari-----------ng -----------a C-----------ont-----------rib-----------uti-----------on -----------For-----------mat----------- In-----------com-----------e S-----------tat-----------eme-----------nt -----------[LO-----------1] ----------- Wh-----------ite----------- Li-----------mit-----------edâ-----------€™s----------- mo-----------st -----------rec-----------ent----------- in-----------com-----------e s-----------tat-----------eme-----------nt -----------is -----------sho-----------wn -----------bel-----------ow:----------- Â-----------  -----------  -----------Tot-----------al -----------Per----------- Un-----------it ----------- Sa-----------les----------- (6-----------,00-----------0 u-----------nit-----------s) -----------. .----------- . -----------. .----------- . -----------. .----------- . -----------. .----------- . -----------. .----------- . -----------. .----------- . -----------. .----------- $3-----------12,-----------000----------- $5-----------2.0-----------0 -----------Var-----------iab-----------le -----------exp-----------ens-----------es -----------. .----------- . -----------. .----------- . -----------. .----------- . -----------. .----------- . -----------. .----------- . -----------. .----------- . -----------. .----------- . ----------- 2-----------16,-----------000-----------  -----------36.-----------00 ----------- Co-----------ntr-----------ibu-----------tio-----------n m-----------arg-----------in.----------- . -----------. .----------- . -----------. .----------- . -----------. .----------- . -----------. .----------- . -----------. .----------- . -----------. .----------- 96-----------,00-----------0 $-----------16.-----------00 ----------- Fi-----------xed----------- ex-----------pen-----------ses-----------. .----------- . -----------. .----------- . -----------. .----------- . -----------. .----------- . -----------. .----------- .
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