Homework Answers
Calculation of gross margin:
Gross margin= sales-cost of goods sold
Gross margin= 467000-173200= 293800
So correct answer is $293800
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Bolka Corporation, a merchandising company, reported the following results for October: Book Sales Cost of goods...
Bolka Corporation, a merchandising company, reported the following results for October Sales Cost of goods sold...
Bolka 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 ta ta ta ta ta ta $ 477,000 $ 176,000 19,900 24,000 10,400 36,800 The gross margin for October is: The gross margin for October is: Multiple Choice $270,700 o $301,000 $209,900 $416,200
Bolka Corporation, a merchandising company, reported the following results for October: Sales $ 500,000 Cost of...
Bolka Corporation, a merchandising company, reported the following results for October: Sales $ 500,000 Cost of goods sold (all variable) $ 170,700 Total variable selling expense $ 24,600 Total fixed selling expense $ 21,500 Total variable administrative expense $ 10,000 Total fixed administrative expense $ 34,900 The gross margin for October is: Multiple Choice $294,700 $329,300 $238,300 $443,600
Bolka Corporation, a merchandising company, reported the following results for October: Sales $ 427,000 Cost of...
Bolka Corporation, a merchandising company, reported the following results for October: Sales $ 427,000 Cost of goods sold (all variable) $ 173,400 Total variable selling expense $ 21,200 Total fixed selling expense $ 18,900 Total variable administrative expense $ 9,600 Total fixed administrative expense $ 36,300 The gross margin for October is: Multiple Choice $371,800 $253,600 $222,800 $167,600
Bolka Corporation, a merchandising company, reported the following results for October - Sales Cost of goods...
Bolka 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 A ta ta ta ta ta $ 453,000 $ 169,700 21,400 17,600 10,700 32,100 The contribution margin for October is: The contribution margin for October is: Multiple Choice $251,200 $201,800 $283,300 $201,500
Bolka Corporation, a merchandising company, reported the following results for October: Sales $ 407,000 Cost of...
Bolka Corporation, a merchandising company, reported the following results for October: Sales $ 407,000 Cost of goods sold (all variable) $ 173,400 Total variable selling expense $ 20,400 Total fixed selling expense $ 22,200 Total variable administrative expense $ 14,800 Total fixed administrative expense $ 39,700 The gross margin for October is: A) $198,400 B) $233,600 C) $345,100 D) $136,500
Calip Corporation, a merchandising company, reported the following results for October: Sales Cost of goods sold...
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 $442.800 $ 189,100 $ 19,100 $16.200 $ 9.600 100 The gross margin for October is: O $394,500 $225,000 O $253.700 5176700
Calip Corporation, a merchandising company, reported the following results for October Sales Cost of goods sold...
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 $428.800 $ 182,100 $ 18,400 $_15,500 $ 8.900 $ 81,400 The contribution margin for October is: O $354,600 O $219,400 O $246.700 O $172,500
Module One-Prin of Mgmt Info Systems - INFS-3100-002 Quiz 1 How do you calculate the cost...
Module One-Prin of Mgmt Info Systems - INFS-3100-002 Quiz 1 How do you calculate the cost Quiz 16 Helps Bolka 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 $ 490,000 $ 169,700 $ 24,200 $ 21,700 $ 33,600 The contribution margin for October is: Multiple Choice O $282,900 O $207900 5207100 < Prev 5 of...
LUUU D) $56,000 4. Fanelli Corporation, a merchandising company, reported the following results for July: Number...
LUUU D) $56,000 4. Fanelli Corporation, a merchandising company, reported the following results for July: Number of units sold 5,300 Selling price per unit $590 Unit cost of goods sold $403 Variable selling expense per unit $58 Total fixed selling expense $124,400 Variable administrative expense per unit $22 Total fixed administrative expense $206,300 Cost of goods sold is a variable cost in this company. Required: What is the contribution margin for Fanelli Corporation. Show work OSW DELL % * 7...
Fanlo Corporation, a merchandising company, reported the following results for July: Cost of goods sold is...
Fanlo Corporation, a merchandising company, reported the
following results for July:
Cost of goods sold is a variable cost in this company.
a) Prepare a tradtional format income statement for July
b) Prepare a contribution format income statement for
July
*Fanelli
Fanelli Corporation, a merchandising company, reported the following results for July: Number of units sold Selling price per unit Unit cost of goods sold Variable selling expense per unit Total fixed selling expense Variable administrative expense per unit Total...
Bolka 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 ta ta ta ta ta ta $ 477,000 $ 176,000 19,900 24,000 10,400 36,800 The gross margin for October is: The gross margin for October is: Multiple Choice $270,700 o $301,000 $209,900 $416,200
Bolka 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 A ta ta ta ta ta $ 453,000 $ 169,700 21,400 17,600 10,700 32,100 The contribution margin for October is: The contribution margin for October is: Multiple Choice $251,200 $201,800 $283,300 $201,500
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 $442.800 $ 189,100 $ 19,100 $16.200 $ 9.600 100 The gross margin for October is: O $394,500 $225,000 O $253.700 5176700
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 $428.800 $ 182,100 $ 18,400 $_15,500 $ 8.900 $ 81,400 The contribution margin for October is: O $354,600 O $219,400 O $246.700 O $172,500
Module One-Prin of Mgmt Info Systems - INFS-3100-002 Quiz 1 How do you calculate the cost Quiz 16 Helps Bolka 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 $ 490,000 $ 169,700 $ 24,200 $ 21,700 $ 33,600 The contribution margin for October is: Multiple Choice O $282,900 O $207900 5207100 < Prev 5 of...
LUUU D) $56,000 4. Fanelli Corporation, a merchandising company, reported the following results for July: Number of units sold 5,300 Selling price per unit $590 Unit cost of goods sold $403 Variable selling expense per unit $58 Total fixed selling expense $124,400 Variable administrative expense per unit $22 Total fixed administrative expense $206,300 Cost of goods sold is a variable cost in this company. Required: What is the contribution margin for Fanelli Corporation. Show work OSW DELL % * 7...
Fanlo Corporation, a merchandising company, reported the
following results for July:
Cost of goods sold is a variable cost in this company.
a) Prepare a tradtional format income statement for July
b) Prepare a contribution format income statement for
July
*Fanelli
Fanelli Corporation, a merchandising company, reported the following results for July: Number of units sold Selling price per unit Unit cost of goods sold Variable selling expense per unit Total fixed selling expense Variable administrative expense per unit Total...
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