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- Can you complete the requirements listed below to this question please? Requirement 1 --- prepare a contribution income statement in good form --- include/list all individual VC and FC Requirement 2 --- calculate all requested values a thru d REQUIRED: Calculations required for Requirement 2 values a thru d.Use the following information to answer the questions that follow. A. Calculate the operating income percentage for each of the courses. Comment on how your analysis has changed for each course. B. Perform a vertical analysis for each course. Based on your analysis, what accounts would you want to investigate further? How might management utilize this information? C. Which method of analysis (using a dollar value or percentage) is most relevant and/or useful? ExplainEach period, the Cost of Goods Available for Sale is allocated betweena. Assets and Liabilities.b. Assets and Expenses.c. Assets and Revenues.d. Expenses and Liabilities
- REQUIRED: • Income Statement using function of expense method (multi-step approach) • Answer the 10 items below. Note: • should have heading and title • currency sign and double spacing • identify respective amounts of the given dataMULTIPLE CHOICE: 1. Costs that are treated as assets until the product is sold are called A. Product cost B. Period cost C. Conversion cost D. None of these 2. Which of the following appears in the balance sheet debit column of a worksheet? A. Service revenue B. Income summary C. Owner withdrawals D. Accounts PayableClassify each of the following items as revenues (R), expenses (EX), or withdrawals (W). Cost of sales
- For every debit there will be an equal credit according to a. Money measurement concept b. Dual aspect concept c. Cost concept d. Matching conceptREQUIRED:1. Prepare a schedule of cost of goods manufactured2. Prepare a schedule of cost of goods sold3. Prepare an income statementDirections: Read the given sentences carefully. Select the best answer from the choices given below. Write your answer on the space provided before each item. Gains Purchases Sales Income Gross Profit Sales Discount Selling expenses Professional Fee Net Income Operating expenses Sales return Cost of Goods Sold Service Income 1. An example of service revenue. 2. The revenue generated from the sale of products. 3. It is computed by deducting the cost of sales from net sales. 4. It is used to describe revenue derived from the rendering of services. 5. A type of income derived from the other activities of the business. 6. The account used to report the acquisitions of merchandise for sale. 7. It represents the actual cost of inventories that the company was able to sell. 8. These are expenses that are directly related to the main purpose of a merchandising business 9. A contra-sales account that is used to report the amount of discount given to or taken by the customers. 10. It refers…
- Hello, can you please complete the steps below for the following question on the photo. Thank you a. Record all JEs: "a" through "g" b. Prepare AJE for MO c. Provide Balances in RM, WIP, FG, MO, and CGS accounts. d. Prepare a Schedule of Cost of Goods Manufactured e. Prepare Income Statement through Gross Profit/MarginWhich of the following is a variables cost? A) rent B)loan interest rate C)salesperson’s commissioner D)salarya. Prepare the journal entries for transactions (a) to (f) b. Compute for the profit after management fee and bonus
