Sienna Deli has provided the following relating to the most recent month (March31, 2023) of operations, for their main product, cookies. The company sold 20,000 cookies. Sales Cost of Goods Sold Fixed Selling Costs Fixed Administrative Costs Variable Selling Costs Variable Administrative Costs w Transcribed Text 3 Total contribution margin income statement in good format. Include per unit and percentage columns where C $40,000 16,000 2,000 5,000 10% of sales 5% of sales
Sienna Deli has provided the following relating to the most recent month (March31, 2023) of operations, for their main product, cookies. The company sold 20,000 cookies. Sales Cost of Goods Sold Fixed Selling Costs Fixed Administrative Costs Variable Selling Costs Variable Administrative Costs w Transcribed Text 3 Total contribution margin income statement in good format. Include per unit and percentage columns where C $40,000 16,000 2,000 5,000 10% of sales 5% of sales
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter2: Basic Managerial Accounting Concepts
Section: Chapter Questions
Problem 49E: Use the following information for Exercises 2-47 through 2-49. Jasper Company provided the following...
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Transcribed Image Text:Sienna Deli has provided the following relating to the most recent month (March31, 2023) of operations,
for their main product, cookies.
The company sold 20,000 cookies.
Sales
Cost of Goods Sold
Fixed Selling Costs
Fixed Administrative Costs
Variable Selling Costs
Variable Administrative Costs
Show Transcribed Text
REQUIRED:
Total
prepare a contribution margin income statement in good format. Include per unit and percentage columns where
C
$40,000
16,000
2,000
5,000
10% of sales
5% of sales
1- Prepare a contribution margin income statement in good format. Include per unit and
percentage columns where applicable.
2- Calculate the company's breakeven point in units.
3- Calculate the company's breakeven point in sales dollars. Round to nearest whole number.
4- Calculate the company's margin of safety percentage. Round to nearest whole number.
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