Essential College Supplies ​(ECS​) is a store on the campus on a large Midwestern university. The store has both an apparel section​ (t-shirts with the school​ logo) and a convenience section. ECS reports revenues for the apparel section separately from the convenience section.   Requirement Classify each cost item ​(​A-H​) as​ follows: a. Direct or indirect​ (D or​ I) costs of the total number of​ t-shirts sold. b. Variable or fixed​ (V or​ F) costs of how the total costs of the apparel section change as the total number of​ t-shirts sold changes.​ (If in​ doubt, select on the basis of whether the total costs will change substantially if there is a large change in the total number of​ t-shirts sold.)   Requirement a. Classify each cost item ​(​A-H​) as direct or indirect​ (D or​ I) costs of the total number of​ t-shirts sold.   Cost Item D or I A. Annual fee for licensing the school logo   B. Cost of store manager's salary   C. Costs of t-shirts purchased for sale to customers   D. Subscription to College Apparel Trends magazine   E. Leasing of computer software used for financial budgeting at the ECS store   F. Cost of coffee provided free to all customers of the ECS store   G. Cost of cleaning the store every night after closing   H. Freight-in costs of t-shirts purchased by ECS   Requirement b. Classify each cost item ​(​A-H​) as variable or fixed​ (V or​ F) costs of how the total costs of the apparel section change as the total number of​ t-shirts sold changes.​ (If in​ doubt, select on the basis of whether the total costs will change substantially if there is a large change in the total number of​ t-shirts sold.)   Cost Item V or F A. Annual fee for licensing the school logo   B. Cost of store manager's salary   C. Costs of t-shirts purchased for sale to customers   D. Subscription to College Apparel Trends magazine   E. Leasing of computer software used for financial budgeting at the ECS store   F. Cost of coffee provided free to all customers of the ECS store   G. Cost of cleaning the store every night after closing   H. Freight-in costs of t-shirts purchased by ECS

Tennair Corporation manufactures cooling system components. The company has gathered the following information about two of its customers: Evans Equipment and Rogers Refrigeration. Evans Equipment Sales revenue Rogers Refrigeration $ 160,000 61,000 Cost of goods sold General selling costs $ 229,000 102,000 37,000 23,800 28,500 General administrative costs 17,850 Cost-driver data used by the firm and traceable to Evans and Rogers are: Customer Activity Sales activity Order taking Special handling Special shipping Customer Activity Sales activity Order taking Special handling Special shipping Cost Driver Sales visits Sales orders Units handled Shipments Evans Equipment 12 visits 31 orders 460 units. 33 shipments Pool Rate $ 970 278 44 460 Rogers Refrigeration 9 visits 36 orders 410 units 44 shipments Required: A. Perform a customer profitability analysis for Tennair. Compute the gross margin and operating income on transactions related to Evans Equipment and Rogers Refrigeration.

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Marigold, Ltd. manufactures shirts, which it sells to customers for embroidering with various slogans and emblems. The standard cost card for the shirts is as follows. Direct materials Direct labor Variable overhead Fixed overhead Indirect material Indirect labor Equipment repair Equipment power Total Supervisory salaries Insurance Property taxes Depreciation Standard Price $3 per yard $14 per DLH $3.20 per DLH $3 per DLH Utilities Quality inspection Total Sandy Robison, operations manager, was reviewing the results for November when he became upset by the unfavorable variances he was seeing. In an attempt to understand what had happened, Sandy asked CFO Suzy Summers for more information. She provided the following overhead budgets, along with the actual results for November. Annual Budget $449,000 The company purchased 82,000 yards of fabric and used 93,600 yards of fabric during the month. Fabric purchases during the month were made at $2.80 per yard. The direct labor payroll ran…

Please help with the income statement based on info below:   Pricing Actual # Revenue Grooming 25 4 3,000 Daycare 18 22 11,880 Boarding 25 12 9,000 Total January Revenue     23,880

Macee Store has three operating departments, and it conducts advertising that benefits all departments. Advertising costs are $110,000. Sales for its operating departments follow. Department Sales 1 $ 247,500 2 455,400 3 287, 100 How much advertising cost is allocated to each operating department if the allocation is based on departmental sales? Note: Do not round your intermediate calculations.

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Morning Company reports the following information for March: E (Click the icon to view the data.) Read the requirements. Requirement 1. Calculate the gross profit and operating income for March using absorption costing. Morning Company Income Statement (Absorption Costing) For the Month Ended March 31 Data Table Net Sales Revenue 67,850 Variable Cost of Goods Solłd 19,300 Operating income Fixed Cost of Goods Sold 8,400 Variable Selfing and Administrative Costs 16,500 Requirements Fixed Selling and Administrative Costs 3,800 1. Calculate the gross profit and operating income for March using absorption costing. 2. Calculate the contribution margin and operating income for March using variable costing. Print Done

The cost accountant for Sunset Fashions has compiled the following information for last quarter's operations: Administrative costs Merchandise inventory, April 1 Merchandise inventory, June 30 Merchandise purchases Miscellaneous store costs Sales commissions Sales revenue Store lease Utilities Transportation-in costs Wages and benefits Required: 1. Prepare a cost of goods sold statement. 2. Prepare an income statement. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare an income statement. SUNSET FASHIONS Income Statement For the Quarter Ended June 30 Sales revenue Cost of goods sold Gross margin Store rent Operating loss $ $ $ 232,000 55,000 45,500 1,790,000 23,400 134,400 3,126,000 53,000 57,900 124,400 770,000 $ 3,126,000 1,923,900 1,202,100 53,000 68,400