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Author Question: During the past year, Pettay Enterprises had the following fixed costs:Fixed manufacturing costs ... (Read 84 times)

amal

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During the past year, Pettay Enterprises had the following fixed costs:

Fixed manufacturing costs $112,000
Fixed marketing costs $43,000
Fixed administrative costs $18,000

The company also had the following variable costs:

Variable manufacturing costs $142,000
Variable marketing costs $37,000
Variable administrative costs $28,000

During the year, the company produced and sold 60,000 units of the product at a selling price of $7.00 per unit.  The company had no inventory at the beginning of the year.

Required:  Prepare a contribution margin income statement for the year.


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Marked as best answer by amal on Jan 5, 2020

Kaytorgator

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amal

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Reply 2 on: Jan 5, 2020
Thanks for the timely response, appreciate it


bigsis44

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Reply 3 on: Yesterday
:D TYSM

 

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