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Author Question: J Bryson, Ltd. is a local coat retailer. The store's accountant prepared the following income ... (Read 28 times)

rissygurl1124

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on: Feb 5, 2023
J Bryson, Ltd. is a local coat retailer. The store's accountant prepared the following income statement for the month ended January 31.

Sales revenue​$750,000
Cost of goods sold​300,000
Gross margin​450,000
Less operating expenses​​
  Selling expense$23,560​
  Administrative expense  49,500   73,060
Operating income​$376,940

Bryson sells its coats for $250 each. Selling expenses consist of fixed costs plus a commission of $6.50 per coat. Administrative expenses consist of fixed costs plus a variable component equal to 6% of sales.

Required:

a. Prepare a contribution format income statement for January.
b. Using the format y = mx + b, develop a cost formula for the operating expenses.
c. If 2,700 coats are sold next month, what is the expected total contribution margin?
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Marked as best answer by rissygurl1124 on Feb 5, 2023

furthoh

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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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rissygurl1124

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Reply 2 on: Feb 5, 2023
YES! Correct, THANKS for helping me on my review

nanny

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

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