Question :
Question
I AM OFFERING ALOT OF POINTS SO PLEASE ANSWER THEM : 1165513
Question
I AM OFFERING ALOT OF POINTS SO PLEASE ANSWER THEM CORRECTLY WITHEXPLANATIONS
Shown here is an income statement in the traditional format for afirm with a sales volume of 16,500 units:
Revenues
$
181,500
Cost of goods sold ($10,500 + $2.85/unit)
57,525
Gross profit
$
123,975
Operating expenses:
Selling ($2,250 +$1.00/unit)
18,750
Administration ($4,600 +$.35/unit)
10,375
Operating income
$
94,850
Prepare an income statement in the contribution margin format.(Omit the “$” sign in yourresponse.)
(IN CASE THE DROP DOWN BOXES DONT DISPLAY THEINFO. OR PROPERLY..the first box is revenues and is correct
I got all of the drop down boxescorrect..they are as follows: box2 cost of good sold box3 selling expenses box 4 administrativeexpenses box 5 under dixed expenses cost of goodsold box 6 administrative expensesbox7 selling expenses box8 undertotal fixed is operating income. SO NOW JUST NEED THENUMBERS/amounts (for requirement 3 and 4 the drop down for all areoperating income)
1. revenues $__________
VARIABLE EXPENSES:
2. Cost of goods sold $_____________
3. selling expenses $_____________
4. administrative expenses $_________
TOTAL VARIABLE EXPENSES: __________
CONTRIBUTION MARGIN:__________
FIXED EXPENSES:
5.cost of good sold $_______
6. administative expenses $__________
7. selling expenses
TOTAL FIXED EXPENSES:_______
OPERATING INCOME$____________
Calculate the contribution margin per unit and the contributionmargin ratio. (Round your answers to 2 decimalplaces. Omit the “$” and “%” signs in yourresponse.)
Contribution margin per unit
$
Contribution margin ratio
%
Requirement 3:
(a)
Calculate the firm’s operating income (or loss) if the volumechanged from 16,500 units to 21,500 units.(Do not round your intermediatecalculations. Input the amount as positive value. Omit the “$” signin your response.)
OPERATING INCOME $__________
(b)
Calculate the firm’s operating income (or loss) if the volumechanged from 16,500 units to 8,500 units.(Do not round your intermediatecalculations. Input the amount as positive value. Omit the “$” signin your response.)
OPERATING INCOME$__________
Requirement 4:
Refer to your answer to requirement 1 when total revenues were$181,500.
(a)
Calculate the firm’s operating income (or loss) if unit sellingprice and variable expenses do not change, and total revenuesincrease by $14,500. (Do not round your intermediatecalculations. Input the amount as positive value. Round your answerto the nearest dollar amount. Omit the “$” sign in yourresponse.)
OPERATINGINCOME$___________
(b)
Calculate the firm’s operating income (or loss) if unit sellingprice and variable expenses do not change, and total revenuesdecrease by $7,500. (Do not round your intermediatecalculations. Input the amount as positive value. Round your answerto the nearest dollar amount. Omit the “$” sign in yourresponse.)
OPERATING INCOME$__________
