Dartmount Corporation has provided its contribution format income statement for June. The company produces and sells a single product. Sales (2,900 units) $ 275,500 Variable costs 116,000 Contribution margin 159,500 Fixed costs 136,100 Operating profit $ 23,400 If the company sells 3,200 units, its total contribution margin should be closest to:
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Dartmount Corporation has provided its contribution format income statement for June. The company produces and sells a single product.
Sales (2,900 units) | $ 275,500 |
---|---|
Variable costs | 116,000 |
Contribution margin | 159,500 |
Fixed costs | 136,100 |
Operating profit | $ 23,400 |
If the company sells 3,200 units, its total contribution margin should be closest to:
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- Income Statements under Absorption and Variable Costing In the coming year, Kalling Company expects to sell 28,700 units at 32 each. Kallings controller provided the following information for the coming year: Required: 1. Calculate the cost of one unit of product under absorption costing. 2. Calculate the cost of one unit of product under variable costing. 3. Calculate operating income under absorption costing for next year. 4. Calculate operating income under variable costing for next year.A company sells small motors as a component part to automobiles. The Model 101 motor sells for $850 and has per-unit variable costs of $400 associated with its production. The company has fixed expenses of $90,000 per month. In August, the company sold 425 of the Model 101 motors. A. Calculate the contribution margin per unit for the Model 101. B. Calculate the contribution margin ratio of the Model 101. C. Prepare a contribution margin income statement for the month of August.Decaprio Incorporated produces and sells a single product. The company has provided its contribution format income statement for June. Sales (6,300 units) $ 220,500 Variable expenses 113,400 Contribution margin 107,100 Fixed expenses 88,100 Net operating income $ 19,000 If the company sells 6,500 units, its net operating income should be closest to
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