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Author Question: Complete each of the following contribution format income statements by supplying the missing ... (Read 44 times)

kmcolvin

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on: Feb 5, 2023

Question 1

Complete each of the following contribution format income statements by supplying the missing amounts.

​​Blue Co.Red, Inc.
Sales revenue?      $45,000
Variable costs  21,000      ?      
Contribution margin 9,000 25,000
Fixed costs     ?        12,000
Operating income2,500?      
Income taxes     ?           4,000
Operating income$  1,750      ?      


Question 2

Complete each of the following contribution format income statements by supplying the missing numbers.

​​Blue Co.Red, Inc.
Sales revenue?      $60,000
Variable costs   9,000      ?      
Contribution margin?       40,000
Fixed costs  12,000      ?      
Operating income?      ?      
Income taxes    1,600     4,000
Operating income$  4,800 $16,000
Managerial Accounting ¦ Davis ¦ 4th Edition
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Marked as best answer by kmcolvin on Feb 5, 2023

xinyifff

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Reply #1 on: Feb 5, 2023
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kmcolvin

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Reply 2 on: Feb 5, 2023
Great answer, keep it coming :)

kishoreddi

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

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