Prepare a segmented income statement in contribution format, Accounting Basics

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Prepare a segmented income statement in contribution format

The IT corporation produces and markets two types of electronic calculators: Model 11 and Model 12. The following Data were gathered on activities last month:

Model 11 Model 12

Sales in units 4,000 6,000

Selling price per unit 75 125

Variable production cost 22 38

Traceable Fixed production 118,000 225,000

Variable selling expenses 6 8

traceable fixed selling expenses 8,500 11,500

Allocated division admin Expenses 42,000 72,000

Prepare a segmented income statement in the contribution format for last month.

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Accounting Basics: Prepare a segmented income statement in contribution format

Reference No:- TGS0555662

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Accounting Basics: Prepare a segmented income statement in contribution format

Reference No:- TGS0555662

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Recent Questions Asked Accounting Basics

Q : Prepare a cash budget for the first quarter of 2015

Q : What is sprint nextel break-even number of accounts

Q : Compute the standard cost of the ingredients

Q : What is labor rate variance for the month of august

Q : Prepare a segmented income statement in contribution format

Q : What is the perpetual inventory system

Q : Prepare statements of cash receipts and disbursements

Q : What amount of these costs should be expensed immediately

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Prepare a segmented income statement in contribution format

Reference No:- TGS0555662

Recent Questions Asked Accounting Basics

Q : Prepare a cash budget for the first quarter of 2015

Q : What is sprint nextel break-even number of accounts

Q : Compute the standard cost of the ingredients

Q : What is labor rate variance for the month of august

Q : Prepare a segmented income statement in contribution format

Q : What is the perpetual inventory system

Q : Prepare statements of cash receipts and disbursements

Q : What amount of these costs should be expensed immediately

Q : What would be the net operating income

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