Bolka Corporation, a merchandising company, reported the following results for October: Sales $ 406,000 Cost of goods sold (all variable) $ 175,800 Total variable selling expense $ 25,200 Total fixed selling expense $ 16,100 Total variable administrative expense $ 12,700 Total fixed administrative expense $ 33,000 The contribution margin for October is
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- West Island distributes a single product. The companys sales and expenses for the month of June are shown. Using the information presented, answer these questions: A. What is the break-even point in units sold and dollar sales? B. What is the total contribution margin at the break-even point? C. If West Island wants to earn a profit of $21,000, how many units would they have to sell? D. Prepare a contribution margin income statement that reflects sales necessary to achieve the target profit.Calip Corporation, a merchandising company, reported the following results for October: Sales Cost of goods sold (all variable) Total variable selling expense Total fixed selling expense Total variable administrative expense Total fixed administrative expense The contribution margin for October is: $453,000 $183,000 $12,000 $9,900 $8,000 $25,600Bolka Corporation, a merchandising company, reported the following results for October: Sales $ 413,000 Cost of goods sold (all variable) $ 173,100 Total variable selling expense $ 23,000 Total fixed selling expense $ 19,300 Total variable administrative expense $ 17,400 Total fixed administrative expense $ 31,000 The contribution margin for October is:
- Geneva Company reports the following information for July: Sales $ 792,000 Variable cost of goods sold 239,000 Fixed cost of goods sold 114,000 Calculate the contribution margin for July.Company A reported the following data for April: sales $692,500 cost of goods sold $305,000 total variable selling expense $37,500 total fixed selling expense $16,000 total variable administrative expense was $35,000 total fixed administrative expense $38,900 If the cost of goods sold in this company is a variable cost. What is the contribution margin for April?Bolka Corporation, a merchandising company, reported the following results for October: Sales $ 418,000 Cost of goods sold (all variable) $ 175,500 Total variable selling expense $ 23,700 Total fixed selling expense $ 21,800 Total variable administrative expense $ 16,200 Total fixed administrative expense $ 34,300 The contribution margin for October is: Multiple Choice $146,500 $361,900 $202,600 $242,500
- Geneva Company reports the following information for July: Sales $ 762,000 Variable cost of goods sold 229,000 Fixed cost of goods sold 104,000 Calculate the contribution margin for July. Multiple ChoiceMarley Company has the following information for March: Sales $912,000 Variable cost of goods sold 474,000 Fixed manufacturing costs 82,000 Variable selling and administrative expenses 238,100 Fixed selling and administrative expenses 54,700 Determine the following for Marley Company for the month of March: a. Manufacturing margin $ b. Contribution margin $ c. Operating income $Norwood Company has the following information for September: Sales $490,000 Variable cost of goods sold 225,400 Fixed manufacturing costs 73,500 Variable selling and administrative expenses 53,900 Fixed selling and administrative expenses 29,400 Determine the following for Norwood Company for the month of September: a. Manufacturing margin $ b. Contribution margin $ c. Operating income $
- Philadelphia Company has the following information for March: Sales $466,710 Variable cost of goods sold 221,160 Fixed manufacturing costs 78,891 Variable selling and administrative expenses 52,762 Fixed selling and administrating expenses 36,022 a. Determine the March manufacturing margin. b. Determine the March contribution margin.Norwood Company has the following information for July: Sales $440,000 Variable cost of goods sold 198,000 Fixed manufacturing costs 70,400 Variable selling and administrative expenses 44,000 Fixed selling and administrative expenses 26,400 Determine the following for Norwood Company for the month of July: a. Manufacturing margin $fill in the blank 1 b. Contribution margin $fill in the blank 2 c. Operating income $fill in the blank 3Whitman Corporation, a merchandising company, reported sales of 7,400 units for May at a selling price of P 677 per unit. The cost of goods sold (all variable) was P 441 per unit and the variable selling expense was P 54 per unit. The total fixed selling expense was P 155,600. The variable administrative expense was P 24 per unit and the total fixed administrative expense was P 370,400. Prepare a traditional format and contribution format income statement for May. You may use the excel file in the practice sheet. Please see the attatched photo for reference.