F Start Stop Corporation Comparative Income Statement Three Months Ended December 31, 2018 21 Low 22 Change 23 24 Shipping Expense 25 Sal & Comm Exp Varlable Cost per Unit Varlable Cost per Unit Sales in Units Sales Revenue Cost of Goods Sold Gross Margin Selling & Admin Expenses: Shipping Expense Advertising Expense Salaries & Commissions Expense Insurance Expense Depreciation Expense Total Selling & Admin Expenses Net Operating Income 12,000 $1,200,000 $780.000 $420,000 8,000 $800,000 10,000 $1,000,000 $650,000 $350,000 26 27 Flxed Costs 28 Flned Costs $520,000 Shipping Expense Salarles & Comnissions Expense $280,000 29 30 Mixed Cost Function(Shipping Expense) 31 Mixed Cost Function(Sal & Comm Expense $35,000 $70,000 $122,000 $43,000 $70,000 $52,000 ) $70,000 32 $130,000 $165,000 33 $24,000 $24,000 Start Stop Corporation Income Staternent-Contribution Format $24,000 34 $4,000 $255,000 $25,000 $4,000 $315,000 $105,000 $4.000 35 $271.000 $79.000 36 Month Ended December 31. 2018 37 38 Sales Revenue 39 Variable Expenses: 40 Salarie Shipping Experse 41 Comm 42 Expene 43 Total Variable Expenses 44 Contribution Margin 45 Fixed Expenses High Low Change 46 47 48 Shipping Expense Sal & Comm Exp Variable Cost per Unit 49 Variable Cost per Unit 50 Fixed Costs Fixed Costs Shipping Expense Salaries & Commissions Expense 51 Total Fixed Expenses 52 Net Operating Income
F Start Stop Corporation Comparative Income Statement Three Months Ended December 31, 2018 21 Low 22 Change 23 24 Shipping Expense 25 Sal & Comm Exp Varlable Cost per Unit Varlable Cost per Unit Sales in Units Sales Revenue Cost of Goods Sold Gross Margin Selling & Admin Expenses: Shipping Expense Advertising Expense Salaries & Commissions Expense Insurance Expense Depreciation Expense Total Selling & Admin Expenses Net Operating Income 12,000 $1,200,000 $780.000 $420,000 8,000 $800,000 10,000 $1,000,000 $650,000 $350,000 26 27 Flxed Costs 28 Flned Costs $520,000 Shipping Expense Salarles & Comnissions Expense $280,000 29 30 Mixed Cost Function(Shipping Expense) 31 Mixed Cost Function(Sal & Comm Expense $35,000 $70,000 $122,000 $43,000 $70,000 $52,000 ) $70,000 32 $130,000 $165,000 33 $24,000 $24,000 Start Stop Corporation Income Staternent-Contribution Format $24,000 34 $4,000 $255,000 $25,000 $4,000 $315,000 $105,000 $4.000 35 $271.000 $79.000 36 Month Ended December 31. 2018 37 38 Sales Revenue 39 Variable Expenses: 40 Salarie Shipping Experse 41 Comm 42 Expene 43 Total Variable Expenses 44 Contribution Margin 45 Fixed Expenses High Low Change 46 47 48 Shipping Expense Sal & Comm Exp Variable Cost per Unit 49 Variable Cost per Unit 50 Fixed Costs Fixed Costs Shipping Expense Salaries & Commissions Expense 51 Total Fixed Expenses 52 Net Operating Income
Fundamentals of Financial Management (MindTap Course List)
15th Edition
ISBN:9781337395250
Author:Eugene F. Brigham, Joel F. Houston
Publisher:Eugene F. Brigham, Joel F. Houston
Chapter4: Analysis Of Financial Statements
Section: Chapter Questions
Problem 24P: Income Statement for Year Ended December 31, 2018 (Millions of Dollars) Net sales 795.0 Cost of...
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