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Sales Contribution Margin Income Statement For the Year Ended December 31, 20Y8 Variable costs: Manufacturing expense Selling expense Administrative expense Contribution margin Fixed costs: Manufacturing expense Selling expense Administrative expense Operating income Income Statement - Biblio Files Sales Variable costs: Manufacturing expense Biblio Files Company Contribution Margin Income Statement For the Year Ended December 31, 20Y8 Selling expense Administrative expense Contribution margin Fixed costs: Manufacturing expense Selling expense ompany Administrative expense Operating income $254,400 21,200 63,600 $5,000 4,000 12,200 $169,600 16,960 67,840 $88,000 8,000 10,000 $424,000 (339,200) $84,800 (21,200) $63,600 $424,000 (254,400) $169,600 (106,000) $63,600

Sales Contribution Margin Income Statement For the Year Ended December 31, 20Y8 Variable costs: Manufacturing expense Selling expense Administrative expense Contribution margin Fixed costs: Manufacturing expense Selling expense Administrative expense Operating income Income Statement - Biblio Files Sales Variable costs: Manufacturing expense Biblio Files Company Contribution Margin Income Statement For the Year Ended December 31, 20Y8 Selling expense Administrative expense Contribution margin Fixed costs: Manufacturing expense Selling expense ompany Administrative expense Operating income $254,400 21,200 63,600 $5,000 4,000 12,200 $169,600 16,960 67,840 $88,000 8,000 10,000 $424,000 (339,200) $84,800 (21,200) $63,600 $424,000 (254,400) $169,600 (106,000) $63,600

Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter2: Building Blocks Of Managerial Accounting
Section: Chapter Questions
Problem 5MC: Which of the following represents the components of the income statement for a manufacturing...
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Contribution Margin

Review the contribution margin income statements for Cover-to-Cover Company and Biblio Files Company on their respective Income Statements. Complete the following table from the data provided on the income statements. Each company sold 84,800 units during the year.

  Cover-to-Cover
Company		 Biblio Files
Company
Contribution margin ratio (percent) 20 40
Unit contribution margin 1 2
Break-even sales (units) 21,200 127,200
Break-even sales (dollars) 106,000 636,000
Sales Cover-to-Cover Company Contribution Margin Income Statement For the Year Ended December 31, 20Y8 Variable costs: Manufacturing expense Selling expense Administrative expense Contribution margin Fixed costs: Manufacturing expense Selling expense Administrative expense Operating income Income Statement - Biblio Files Sales Variable costs: Biblio Files Company Contribution Margin Income Statement For the Year Ended December 31, 20Y8 Manufacturing expense Selling expense Administrative expense Contribution margin Fixed costs: Manufacturing expense Selling expense Administrative expense $254,400 21,200 63,600 Operating income $5,000 4,000 12,200 $169,600 16,960 67,840 $88,000 8,000 10,000 $424,000 (339,200) $84,800 (21,200) $63,600 $424,000 (254,400) $169,600 (106,000) $63,600
Transcribed Image Text:Sales Cover-to-Cover Company Contribution Margin Income Statement For the Year Ended December 31, 20Y8 Variable costs: Manufacturing expense Selling expense Administrative expense Contribution margin Fixed costs: Manufacturing expense Selling expense Administrative expense Operating income Income Statement - Biblio Files Sales Variable costs: Biblio Files Company Contribution Margin Income Statement For the Year Ended December 31, 20Y8 Manufacturing expense Selling expense Administrative expense Contribution margin Fixed costs: Manufacturing expense Selling expense Administrative expense $254,400 21,200 63,600 Operating income $5,000 4,000 12,200 $169,600 16,960 67,840 $88,000 8,000 10,000 $424,000 (339,200) $84,800 (21,200) $63,600 $424,000 (254,400) $169,600 (106,000) $63,600
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