Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 02 Aug 2017 My Price 7.00

Kelly Company

EXERCISE 4–12 Using a Contribution Format Income Statement [LO1, LO4]

Kelly Company’s most recent contribution format income statement is shown below:

 

 

Total

Per Unit

Sales (60,000 units) . . . . . . . . . . . . . . . .

$ 600,000

$10

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

  360,000

  6

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

240,000

$ 4

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

100,000

 

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

$ 140,000

 

 

Required:

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

1.               The number of units sold increases by 30%.

2.               The selling price decreases by $1 per unit, and the number of units sold increases by 20%.

3.               The selling price increases by $1 per unit, fixed expenses increase by $20,000, and the number of units sold decreases by 10%.

4.               Variable expenses increase by 60 cents per unit, the selling price increases by 15%, and the number of units sold decreases by 15%.

 

Answers

Maurice Tutor
(5)
Status NEW Posted 02 Aug 2017 12:08 PM My Price 7.00

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