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Gross profit v $4 17,000 17,000 Selling and administrative expenses 14,100 14,100 Operating income 40,980 46,420 . 2. Prepare an estimated income statement, comparing operating results if 13,600 and 15,200 units are manufactured in the variable costing format. If an amount box does no equire an entry leave it blank. Marshall Inc. Variable Costing Income Statement For the Month Ending October 31 13,600 Units Manufactured 15,200 Units Manufactured Sales $ 652,800 652,800 Variable cost of goods sold: Variable cost of goods manufactured 65,280 Inventory, October 31 529,040 529,040 Total variable cost of goods sold v 529,040 529,040 Manufacturing margin v 123,760 2$ 123,760 Variable selling and administrative expenses 17,000 17,000 Contribution margin v 106,760 106,760 Fixed costs: Fixed manufacturing margin x 51,680 51,680 Fixed selling and administrative expenses v 14,100 14,100 Total fixed costs 65,780 65,780 Operating income $4 40,980 40,980

Gross profit v $4 17,000 17,000 Selling and administrative expenses 14,100 14,100 Operating income 40,980 46,420 . 2. Prepare an estimated income statement, comparing operating results if 13,600 and 15,200 units are manufactured in the variable costing format. If an amount box does no equire an entry leave it blank. Marshall Inc. Variable Costing Income Statement For the Month Ending October 31 13,600 Units Manufactured 15,200 Units Manufactured Sales $ 652,800 652,800 Variable cost of goods sold: Variable cost of goods manufactured 65,280 Inventory, October 31 529,040 529,040 Total variable cost of goods sold v 529,040 529,040 Manufacturing margin v 123,760 2$ 123,760 Variable selling and administrative expenses 17,000 17,000 Contribution margin v 106,760 106,760 Fixed costs: Fixed manufacturing margin x 51,680 51,680 Fixed selling and administrative expenses v 14,100 14,100 Total fixed costs 65,780 65,780 Operating income $4 40,980 40,980

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Gross profit v $4 17,000 17,000 Selling and administrative expenses 14,100 14,100 Operating income 40,980 46,420 . 2. Prepare an estimated income statement, comparing operating results if 13,600 and 15,200 units are manufactured in the variable costing format. If an amount box does no equire an entry leave it blank. Marshall Inc. Variable Costing Income Statement For the Month Ending October 31 13,600 Units Manufactured 15,200 Units Manufactured Sales $ 652,800 652,800 Variable cost of goods sold: Variable cost of goods manufactured 65,280 Inventory, October 31 529,040 529,040 Total variable cost of goods sold v 529,040 529,040 Manufacturing margin v 123,760 2$ 123,760 Variable selling and administrative expenses 17,000 17,000 Contribution margin v 106,760 106,760 Fixed costs: Fixed manufacturing margin x 51,680 51,680 Fixed selling and administrative expenses v 14,100 14,100 Total fixed costs 65,780 65,780 Operating income $4 40,980 40,980
Transcribed Image Text:Gross profit v $4 17,000 17,000 Selling and administrative expenses 14,100 14,100 Operating income 40,980 46,420 . 2. Prepare an estimated income statement, comparing operating results if 13,600 and 15,200 units are manufactured in the variable costing format. If an amount box does no equire an entry leave it blank. Marshall Inc. Variable Costing Income Statement For the Month Ending October 31 13,600 Units Manufactured 15,200 Units Manufactured Sales $ 652,800 652,800 Variable cost of goods sold: Variable cost of goods manufactured 65,280 Inventory, October 31 529,040 529,040 Total variable cost of goods sold v 529,040 529,040 Manufacturing margin v 123,760 2$ 123,760 Variable selling and administrative expenses 17,000 17,000 Contribution margin v 106,760 106,760 Fixed costs: Fixed manufacturing margin x 51,680 51,680 Fixed selling and administrative expenses v 14,100 14,100 Total fixed costs 65,780 65,780 Operating income $4 40,980 40,980
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