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Author Question: Pangle Health Food Store sells a variety of herbal supplements and natural skin care items. Pangle ... (Read 44 times)

mimie

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on: Feb 5, 2023

Question 1

Restate the following income statement for a retail company in contribution margin format.

Sales ($20 per unit)​$14,000
Less cost of goods sold ($14 per unit)​  9,800
Gross margin​4,200
Less Operating costs:​​
  Salaries$2,100​
  Advertising200​
  Rent1,000​
  Delivery charges ($0.20 per unit)  1  40  3,440
Operating Income​$   760


Question 2

Pangle Health Food Store sells a variety of herbal supplements and natural skin care items. Pangle purchases the items from leading manufacturers. Identify each of the following costs incurred by Pangle in terms of its cost behavior — variable, fixed, mixed, or step.

a.Dried fruits for making "All-natural trail mix"
b.Annual salary for salesclerk
c.Weight loss supplements packaged in bottles of 100 pills per bottle
d.Shipping charges for vitamin tablets (billed in 100-pound increments)
e.Telephone charges (base rate plus usage)
f.Advertising (annual contract with newspaper for one ad per week)
g.Salary for Cindi Pangle (president of company)
h.Sales bonus on body lotions of $1 per 100 sales
i.Sales bonus on body power of $0.10 per item sold
j.Straight line depreciation on store fixtures
Managerial Accounting ¦ Davis ¦ 4th Edition
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Marked as best answer by mimie on Feb 5, 2023

sin

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Reply #1 on: Feb 5, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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mimie

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Reply 2 on: Feb 5, 2023
Wow, this really help

amcvicar

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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