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
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Education

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

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 11 Aug 2017 My Price 6.00

traditional format

Shown here is an income statement in the traditional format for a firm with a sales volume of 15,000 units

Revenues......................................................................................$105,000

Cost of Goods Sold ($8000 + $3.60/unit)......................................$62,000

Gross Profit....................................................................................$43,000

Operating Expenses

Selling ($1,500 + .80/unit) .............................................................$13,500

Administration ($4000 + .50/unit)..................................................$11,500

Operating Income.........................................................................$18,000

Required

a. Prepare an income statement in the contribution format

b. Calculate the contribution margin per unit and the contribution margin ratio

c. Calculate the firm's operating income (or loss) if the volune changed from 15,000 to

1. 20,000 units

2. 10, 000 units

Answers

Maurice Tutor
(5)
Status NEW Posted 11 Aug 2017 05:08 PM My Price 6.00

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