Dance Creations manufactures authentic Hawaiian hula skirts that are purchased for traditional Hawaiian celebrations, costume parties, and other functions. During its first year of business, the company incurred the following costs: 2. Complete a contribution margin income statement for the last month. Variable Cost per Hula Skirt Direct materials $ 10.30 Direct labor 4.10 Variable manufacturing overhead 1.25 Variable selling and administrative expenses 0.55 Fixed Costs per Month Fixed manufacturing overhead $ 18,275 Fixed selling and administrative expenses 5,650
Dance Creations manufactures authentic Hawaiian hula skirts that are purchased for traditional Hawaiian celebrations, costume parties, and other functions. During its first year of business, the company incurred the following costs: 2. Complete a contribution margin income statement for the last month. Variable Cost per Hula Skirt Direct materials $ 10.30 Direct labor 4.10 Variable manufacturing overhead 1.25 Variable selling and administrative expenses 0.55 Fixed Costs per Month Fixed manufacturing overhead $ 18,275 Fixed selling and administrative expenses 5,650
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Dance Creations manufactures authentic Hawaiian
hula skirts that are purchased for traditional Hawaiian
celebrations, costume parties, and other functions.
During its first year of business, the company
incurred the following costs: 2. Complete a
contribution margin income statement for the last
month.
Variable Cost per Hula Skirt
Direct materials $ 10.30
Direct labor 4.10
Variable manufacturing overhead 1.25
Variable selling and administrative expenses 0.55
Fixed Costs per Month
Fixed manufacturing overhead $ 18,275
Fixed selling and administrative expenses 5,650](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff2b240d8-4de3-40f5-9d16-5329834c830b%2F7160f420-fe0d-4a48-b95b-91564b365d6e%2F5immpjs_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Dance Creations manufactures authentic Hawaiian
hula skirts that are purchased for traditional Hawaiian
celebrations, costume parties, and other functions.
During its first year of business, the company
incurred the following costs: 2. Complete a
contribution margin income statement for the last
month.
Variable Cost per Hula Skirt
Direct materials $ 10.30
Direct labor 4.10
Variable manufacturing overhead 1.25
Variable selling and administrative expenses 0.55
Fixed Costs per Month
Fixed manufacturing overhead $ 18,275
Fixed selling and administrative expenses 5,650
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