ABC Co. is selling its products to customers A, B and C. The following information is givenfor the year 2018-19.Customer A Customer BCustomer CSales in Lakhs (?)15.9020.015.0Number of deliveries (includingrush deliveries)1004050Number of orders12050601.2Average number of hours perdelivery (for verification of goods| before loading for delivery)11.30Number of rush deliveries212Sales commission (% to sales)45Normal delivery cost is ? 1,250 per delivery. Order processing cost is ? 1,84,000.Verification cost of goods before loading is ? 5,32,500. Rush delivery cost is 180% ofnormal delivery cost. Variable cost is 75 percent of sales.(i) Present a customer wise profitability statement.

Profitability statement shows the actual amount of profit or loss after subtracting all the costs…

ABC Co. is selling its products to customers A, B and C. The following information is given for the year 2018-19. Customer A Customer B Customer C Sales in Lakhs (?) 15.90 20.0 15.0 Number of deliveries (including rush deliveries) 100 40 50 Number of orders 120 50 60 Average number of hours per delivery (for verification of goods before loading for delivery) 1 1.2 1.30 Number of rush deliveries 2 1 2 Sales commission (% to sales) 4 5 Normal delivery cost is ? 1,250 per delivery. Order processing cost is ? 1,84,000. Verification cost of goods before loading is ? 5,32,500. Rush delivery cost is 180% of normal delivery cost. Variable cost is 75 percent of sales. () Present a customer wise profitability statement.

ABC Co. is selling its products to customers A, B and C. The following information is given for the year 2018-19. Customer A Customer B Customer C Sales in Lakhs (?) 15.90 20.0 15.0 Number of deliveries (including rush deliveries) 100 40 50 Number of orders 120 50 60 Average number of hours per delivery (for verification of goods before loading for delivery) 1 1.2 1.30 Number of rush deliveries 2 1 2 Sales commission (% to sales) 4 5 Normal delivery cost is ? 1,250 per delivery. Order processing cost is ? 1,84,000. Verification cost of goods before loading is ? 5,32,500. Rush delivery cost is 180% of normal delivery cost. Variable cost is 75 percent of sales. () Present a customer wise profitability statement.

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter5: The Income Statement And The Statement Of Cash Flows

Section: Chapter Questions

Problem 2MC: The following information is available for Cooke Company for the current year: The gross margin is...

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