Maurice Tutor

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About Maurice Tutor

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Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 401 Weeks Ago, 2 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 22 Jul 2017 My Price 7.00

gourmet chocolate chip cookies

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

Sales revenue

  

Cost of goods sold (all variable)

25,575

Gross margin

  

Selling expenses (20% variable)

8,000

Administrative expenses (60% variable)

12,000

Operating income

$ 4,425

Required

  1. Prepare a contribution format income statement for Mary.
  2. If Mary sells her cookies for $1.60 each, how many cookies did she sell during the month?
  3. What is the contribution margin per cookie?
  4. What is Mary"s contribution margin ratio?

Answers

Maurice Tutor
(5)
Status NEW Posted 22 Jul 2017 06:07 PM My Price 7.00

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