The following data were adapted from a recent income statement of The Bluth Company:   (in millions) Sales $205,290    Operating costs:   Cost of products sold $(98,540)   Marketing, administrative, and other expenses (65,690)   Total operating costs $(164,230)   Operating income $41,060    Assume that the variable amount of each category of operating costs is as follows:   (in millions) Cost of products sold $55,430   Marketing, administrative, and other expenses 26,690   a. Based on the data given, prepare a variable costing income statement for Bluth, assuming that the company maintained constant inventory levels during the period.

During the current year, Sokowski Manufacturing earned income of $292,400 from total sales of $4,300,000 and average capital assets of $10,000,000. A. Based on this information, calculate asset turnover. If required, round your answer to two decimal places. fill in the blank  times B. Assume sales margin is 6.8%, what is the total ROI for the company during the current year?. If required, round your answer to one decimal place. fill in the blank  %

The following is the year ended data for Tiger​ Company:   Sales Revenue $58,000 Cost of Goods Manufactured 21,000 Beginning Finished Goods Inventory 1,100 Ending Finished Goods Inventory 2,200 Selling Expenses 15,000 Administrative Expenses 3,900   What is the gross​ profit?   A. $22,100   B. $38,100   C. $19,200   D.

A condensed income statement for the Electronics Division of Gihbli Industries Inc. for the year ended December 31 is as follows: Sales $2,340,000 Cost of goods sold 1,788,000 Gross profit $ 552,000 Operating expenses 318,000 Income from operations $ 234,000 Invested assets $1,800,000 Assume that the Electronics Division received no cost allocations from service departments. The president of Gihbli Industries Inc. has indicated that the division’s return on a $1,800,000 investment must be increased to at least 15% by the end of the next year if operations are to continue. The division manager is considering the following three proposals: Proposal 1: Transfer equipment with a book value of $360,000 to other divisions at no gain or loss and lease similar equipment. The annual lease payments would be less than the amount of depreciation expense on the old equipment by $64,800. This decrease in expense would be included as part of the cost of goods sold. Sales would remain…

AJ Manufacturing Company incurred $50,500 of fixed product cost and $40.400 of variable product cost during its first year of operation. Also during its first year, AJ incurred $16,150 of fixed and $13,100 of variable selling and administrative costs. The company sold all of the units it produced for $162,000. Required a. Prepare an income statement using the format required by generally accepted accounting Principles (GAAP). b. Prepare an income statement using the contribution margin approach. Complete this question by entering your answers in the tabs below. Required A Required B Prepare an income statement using the format required by generally accepted accounting Principles (GAAP). AJ MANUFACTURING COMPANY Income Statement Required B > Mc Graw Hill

Revenue and expense data for the current calendar year for Tannenhill Company and for the electronics industry are as follows. Tannenhill’s data are expressed in dollars. The electronics industry averages are expressed in percentages.   TannenhillCompany   ElectronicsIndustryAverage Sales $800,000     100 % Cost of goods sold 512,000     70   Gross profit $288,000     30 % Selling expenses $176,000     17 % Administrative expenses 64,000     7   Total operating expenses $240,000     24 % Operating income $48,000     6 % Other revenue 16,000     2     $64,000     8 % Other expense 8,000     1   Income before income tax $56,000     7 % Income tax expense 24,000     5   Net income $32,000     2 % a.  Prepare a common-sized income statement comparing the results of operations for Tannenhill Company with the industry average. If required, round percentages to one decimal place. Enter all amounts as positive numbers.

Profit Margin, Investment Turnover, and return on investment The condensed income statement for the Consumer Products Division of Fargo Industries Inc. is as follows (assuming no service department charge Sales $936,000 Cost of goods sold 421,200