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    Problem 6-28 Nicole's Toy Manufacturing Company

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    Problem 6-28
    The following information is available for Nicole's Toy Manufacturing Company for 2004:
    Percent Percent
    Amount Fixed Variable
    Direct material $440,000 - 100
    Direct labor 90,000 - 100
    Variable manufacturing overhead 70,000 - 100
    Fixed manufacturing overhead 800,000 100 -
    Selling cost 950,000 45 55
    Administrative cost 570,000 85 15

    Sales for 2004 totaled $3,164,000 and there were no beginning or ending inventories.
    Required: Prepare a contribution income statement for the year ended December 31, 2004.

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    https://brainmass.com/business/accounting/problem-nicoles-toy-manufacturing-company-454899

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    Solution Summary

    The solution prepares a contribution income statement for the year for Nicole's Toy

    $2.19

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