Income Statement - Cover-to-Cover Cover-to-Cover Company Contribution Margin Income Statement For the Year Ended December 31, 2018 Sales Variable costs: Manufacturing expense Selling expense Administrative expense Contribution margin Fixed costs: Manufacturing expense Selling expense Administrative expense Operating income Income Statement - Biblio Files $248,400 20,700 62,100 Sales Variable costs: Manufacturing expense Selling expense Administrative expense Contribution margin Fixed costs: Manufacturing expense $5,000 4,000 11,700 Biblio Files Company Contribution Margin Income Statement For the Year Ended December 31, 20Y8 $165,600 16,560 66,240 $85,500 $414,000 (331,200) $82,800 (20,700) $62,100 $414,000 (248,400) $165,600

Income Statement - Cover-to-Cover Cover-to-Cover Company Contribution Margin Income Statement For the Year Ended December 31, 2018 Sales Variable costs: Manufacturing expense Selling expense Administrative expense Contribution margin Fixed costs: Manufacturing expense Selling expense Administrative expense Operating income Income Statement - Biblio Files $248,400 20,700 62,100 Sales Variable costs: Manufacturing expense Selling expense Administrative expense Contribution margin Fixed costs: Manufacturing expense $5,000 4,000 11,700 Biblio Files Company Contribution Margin Income Statement For the Year Ended December 31, 20Y8 $165,600 16,560 66,240 $85,500 $414,000 (331,200) $82,800 (20,700) $62,100 $414,000 (248,400) $165,600

Financial And Managerial Accounting

15th Edition

ISBN:9781337902663

Author:WARREN, Carl S.

Publisher:WARREN, Carl S.

Chapter21: Variable Costing For Management analysis

Section: Chapter Questions

Problem 4PB: Salespersons report and analysis Pachec Inc. employs seven salespersons to sell and distribute its...

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Salespersons report and analysis Walthman Industries Inc. employs seven salespersons to sell and distribute its product throughout the state. Data taken from reports received from the salespersons during the year ended December 31 are as follows: Instructions 1. Prepare a table indicating contribution margin, variable cost of goods sold as a percent of sales, variable selling expenses as a percent of sales, and contribution margin ratio by salesperson. (Round whole percent to one digit after decimal point.) 2. Which salesperson generated the highest contribution margin ratio for the year and why? 3. Briefly list factors other than contribution margin that should be considered in evaluating the performance of salespersons.
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