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 11 Aug 2017 My Price 7.00

Zins Corporation

Zins Corporation produces and sells a single product. The company's contribution format income statement for August appears below:

     
Sales (2,500 units) $ 255,000
Variable expenses   152,500
 
Contribution margin   102,500
Fixed expenses   58,750
 
Net operating income $ 43,750
 
Required:

Prepare the company's contribution format income statement assuming that the company sells 3,000 units. (Input all amounts as positive values. Omit the "$" sign in your response.)
Zins Corporation
Income Statement
(Click to select) Sales Variable expenses Salary expenses Fixed expenses Income tax expenses $
(Click to select) Sales Variable expenses Salary expenses Fixed expenses Income tax expenses  
 
(Click to select) Contribution margin Contribution loss  
(Click to select) Sales Variable expenses Salary expenses Fixed expenses Income tax expenses  
 
(Click to select) Net operating income Net operating loss

 

Answers

Maurice Tutor
(5)
Status NEW Posted 11 Aug 2017 06:08 PM My Price 7.00

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