Purchase Solution

Gross Margin & Contribution Margin Income Statement

Not what you're looking for?

Ask Custom Question

2-41

Gross Margin and Contribution Margin Income Statements

Tosca Beverages Reports the following information for July:

Units produced and sold 18,800.00
Per unit revenue and costs:
Sales revenue $3.20
Direct material costs 0.20
Direct labor costs 0.16
Variable manufacturing overhead 0.06
Fixed manufacturing overhead based
on a volume of 18,000 unites 0.92
Variable marketing and administrative costs 0.48
Fixed marketing and administrative costs
based on a volume of 18,000 unites 1.00

Required:

Prepare:

A. A gross margin income statement

B. A contribution margin income statement

Purchase this Solution

Solution Summary

The solution prepares a gross margin income statement and contribution margin income statement.

Purchase this Solution


Free BrainMass Quizzes
Writing Business Plans

This quiz will test your understanding of how to write good business plans, the usual components of a good plan, purposes, terms, and writing style tips.

Learning Lean

This quiz will help you understand the basic concepts of Lean.

MS Word 2010-Tricky Features

These questions are based on features of the previous word versions that were easy to figure out, but now seem more hidden to me.

Business Ethics Awareness Strategy

This quiz is designed to assess your current ability for determining the characteristics of ethical behavior. It is essential that leaders, managers, and employees are able to distinguish between positive and negative ethical behavior. The quicker you assess a person's ethical tendency, the awareness empowers you to develop a strategy on how to interact with them.

Lean your Process

This quiz will help you understand the basic concepts of Lean.