FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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- Shaw Company produces and sells two packaged products—Z-Bikes and y Bikes. Revenue and cost information relating to the products follow: Product Z Bikes Y Bikes Selling price per unit $ 175.00 $ 200.00 Variable expenses per unit $ 85.00 $ 105.00 Traceable fixed expenses per year $ 200,000 $ 75.00 Common fixed expenses in the company total $110 annually. Last year the company produced and sold 50,000 units of Z Bikes and 30,000 units of Y Bikes. Required: Prepare a contribution format income statement segmented by product lines.arrow_forwardCompany Y produces and sells two packaged products Weedban and Greengrow Revenue and cost information related to the products follows: Weedban Greengrow SALES price per unit $9.00 $ 31.00 Variable expense per unit $2.90 $14.00 Traceable fixed expense per year $131,000 $44,000 Last year the company produced and sold 38,500 units of weed ban and 17,000 of Green grow. It's annual common fixed expenses are $106,000. Prepare a contribution format income statement segmented by-product lines ? Thank you,arrow_forwardPlease help me with show all calculation thankuarrow_forward
- Jorge Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 50 cents per 16-ounce bottle to retailers who charge customers 75 cents per bottle. For the year 2014, management estimates the following revenues and costs: Sales Direct materials Direct labor 1,800,000 425,500 356,300 Manufacturing overhead - variable 311,800 Manufacturing overhead - fixed 288,200 Selling expenses - variable 68,900 Selling expenses - fixed 67,500 Administrative expenses - variable 93,714 63,400 Administrative expenses - fixed Required: Prepare a CVP income statement for 2014 based on manage mental estimates.arrow_forwardPlease do not give solution in image format thankuarrow_forwardPlease do not give solution in image format thankuarrow_forward
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