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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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Solution Summary

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

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