Paragraph MBA 620 Week 7 Assigned Homework 1· Pleasanton Company produces three
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Paragraph MBA 620 Week 7 Assigned Homework 1· Pleasanton Company produces three products: X, Y, and Z. The income statement for 2014 is as follows: Sales Less variable costs Contribution margin Less fixed expenses: 3,000,000 -1,905,000 $1,095,000 $200,000 Manufacturing Selling and administrative 120,000320,000 Net income sales, contribution margin ratios, and direct fixed expenses for the three types of products are as follows: The Sales Contribution margin ratio Direct fixed expenses of $900,000 $600,000 $1,500,000 30% 35% $80,000 $50,000 Prepare income statements segmented by products, and include a column for the entire firm in the statement acer F7 F10 F11 F12 Pauses SysRa Break 96 5e6 7 890 0Explanation / Answer
Pleasation Company X Y Z Total Sales 900000 600000 1500000 3000000 Less : Variable costs 585000 420000 900000 1905000 Contribution margin 315000 180000 600000 1095000 Less : Fixed cost Direct fixed expenses of products 80000 50000 40000 170000 Operating profit before common fixed costs 235000 130000 560000 925000 Less : Common Fixed costs 150000 Net Income 775000 As per Chegg Policy, we are supposed to answer maximum of one question at a time. Thank you
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