I AM OFFERING ALOT OF POINTS SO PLEASE ANSWER THEM CORRECTLY WITH EXPLANATIONS S

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I AM OFFERING ALOT OF POINTS SO PLEASE ANSWER THEM CORRECTLY WITH EXPLANATIONS

Shown here is an income statement in the traditional format for a firm with a sales volume of 16,500 units:

Prepare an income statement in the contribution margin format. (Omit the "$" sign in your response.)

(IN CASE THE DROP DOWN BOXES DONT DISPLAY THE INFO. OR PROPERLY..the first box is revenues and is correct

I got all of the drop down boxes correct..they are as follows: box2 cost of good sold box 3 selling expenses box 4 administrative expenses box 5 under dixed expenses cost of good sold box 6 administrative expenses box7 selling expenses box8 under total fixed is operating income. SO NOW JUST NEED THE NUMBERS/amounts (for requirement 3 and 4 the drop down for all are operating income)

1. revenues $__________

VARIABLE EXPENSES:

2. Cost of goods sold $_____________

3. selling expenses $_____________

4. administrative expenses $_________

TOTAL VARIABLE EXPENSES: __________

CONTRIBUTION MARGIN:__________

FIXED EXPENSES:

5.cost of good sold $_______

6. administative expenses $__________

7. selling expenses

TOTAL FIXED EXPENSES:_______

OPERATING INCOME$____________

Calculate the contribution margin per unit and the contribution margin ratio. (Round your answers to 2 decimal places. Omit the "$" and "%" signs in your response.)

Calculate the firm's operating income (or loss) if the volume changed from 16,500 units to 21,500 units.(Do not round your intermediate calculations. Input the amount as positive value. Omit the "$" sign in your response.)

OPERATING INCOME $__________

Calculate the firm's operating income (or loss) if the volume changed from 16,500 units to 8,500 units.(Do not round your intermediate calculations. Input the amount as positive value. Omit the "$" sign in your response.)

OPERATING INCOME$__________

Calculate the firm's operating income (or loss) if unit selling price and variable expenses do not change, and total revenues increase by $14,500. (Do not round your intermediate calculations. Input the amount as positive value. Round your answer to the nearest dollar amount. Omit the "$" sign in your response.)

OPERATING INCOME$___________

Calculate the firm's operating income (or loss) if unit selling price and variable expenses do not change, and total revenues decrease by $7,500. (Do not round your intermediate calculations. Input the amount as positive value. Round your answer to the nearest dollar amount. Omit the "$" sign in your response.)

OPERATING INCOME$__________

I AM OFFERING ALOT OF POINTS SO PLEASE ANSWER THEM CORRECTLY WITH EXPLANATIONS

Shown here is an income statement in the traditional format for a firm with a sales volume of 16,500 units:

Explanation / Answer

Hi,

Please find the answer as follows:

Requirement 1:

Requirement 2:

Contribution Margin Per Unit = 112200/16500 = 6.8 per unit

Contribution Margin Ratio = 112200/181500*100 = 61.82%

Requirement 3:

a)

b)

Requirement 3

a)

b)

Thanks.

Revenues 181500 Variable Expenses Cost of Goods Sold 47025 Selling expenses 16500 Administrative expenses 5775 Total Variable Expenses 69300 Contribution Margin 112200 Fixed Expenses Cost of Goods Sold 10500 Selling expenses 2250 Administrative expenses 4600 Total Fixed Expenses 17350 Operating Income 94850

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