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$__________