Homework Answers
Total selling expenses = Variable selling expense + Total fixed selling expense
= (11,000 x 6)+15,000
= 66,000+15,000
= $81,000
Total administrative expense = Variable administrative expense + Total fixed administrative expense
= (11,000 x 4) + 14,000
= 44,000+14,000
= $58,000
| Santa Clara Computer Components, Inc. | ||
| Income Statement | ||
| Sales | 1,155,000 | |
| Cost of goods sold: | ||
| Beginning merchandise inventory | 45,000 | |
| Add: Purchases | 270,000 | |
| Goods available for sale | 315,000 | |
| Ending merchandise inventory | -35,000 | |
| Cost of goods sold | -280,000 | |
| Gross margin | 875,000 | |
| Selling and administrative expenses: | ||
| Selling expenses | 81,000 | |
| Administrative expenses | 58,000 | -139,000 |
| Net operating income | $736,000 | |
| Santa Clara Computer Components, Inc. | ||||
| Contribution Margin Income Statement | ||||
| Per Unit | ||||
| Sales | 1,155,000 | 105 | ||
| Variable product | 280,000 | 25.45 | ||
| Variable selling expense (11,000 x 6) | 66,000 | 6 | ||
| Variable administrative expense (11,000 x 4) | 44,000 | 4 | ||
| Total variable expense | -390,000 | |||
| Contribution margin | $765,000 | 69.55 | ||
| Fixed selling expenses | 15,000 | |||
| Fixed administrative expenses | 14,000 | -29,000 | ||
| Net operating income | $736,000 | |||
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