# The Dogri Company provides you with the following miscellaneous data regarding operations in 20X9: (Click the...

The Dogri Company provides you with the following miscellaneous data regarding operations in 20X9: (Click the icon to view the data.) Requirements Compute (a) variable selling and administrative expenses, (b) contribution margin in dollars, (c) variable manufacturing overhead, (d) break-even point in sales dollars, and (e) manufacturing cost of goods sold. Complete the income statement to solve for (a) variable selling and administrative expenses, (c) variable manufacturing overhead, and (e) manufacturing cost of goods sold. Data Table Cost of goods manufactured and sold \$ 49,000 Gross profit Net profit 21,000 Sales Direct materials used Total manufacturing cost of goods sold Gross profit Selling and administrative expenses: 200,000 109,000 28,000 Direct labor 10,000 Fixed manufacturing overhead Fixed selling and administrative expenses 11,000 There are no beginning or ending inventories Net profit Print Done

INCOME STATEMENT

 Particulars \$ \$ Sales 200,000 Less cost of goods manufactured andsold Direct material used 109,000 Direct labour 28,000 Fixed manufacturing overhead 10,000 VARIABLE MANUFACTURING OVERHEAD (c) 4,000 Less TOTAL COST OF GOODSMANUFACTUREDAND d SOLD (e) 151,000 Gross profit 49,000 Selling and administrative expenses: VARIABLE SELLING AND ADMINISTRATIVE EXPENSES (a) 17,000 Fixed selling and administrative expenses 11,000 Total selling and administrative expenses 28,000 Net profit 21,000

a variable selling and administrative expenses is \$17,000 (Computed from income statement).

b Contribution marginal = sales - variable costs

Variable cost include direct material, direct labour, variable manufacturing overhead and variable selling and administrative expenses

Variable cost

= 109,000 + 28,000 + 4,000 + 17,000 = \$158,000

Contribution margin = 200,000 - 158,000 = \$42,000

Contribution margin in dollar is \$42,000

c Variable manufacturing overhead is \$4,000 (computed from income statement).

d   BREAK EVEN POINT IN DOLLAR

= Fixed cost / contribution margin ratio

Contribution margin ratio = contribution margin / sales

Contribution margin ratio = 42,000 / 200,000 = 0.21

Fixed cost = 10,000 + 11,000 = \$22,000

Break even point in dollar

= 22,000 / 0.21 = \$104,762

Break even point in dollar is \$104,762.

e Manufacturing cost of goods sold is \$151,000 (calculated from income statement).

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