Cover-to-Cover Company Contribution Margin Income Statement For the Year Ended December 31, 20Y8
Sales $419,000
Variable costs:
Manufacturing expense $251,400
Selling expense 20,950
Administrative expense 62,850 (335,200)
Contribution margin $83,800
Fixed costs:
Manufacturing expense $5,000
Selling expense 4,000
Administrative expense 11,950 (20,950)
Operating income $62,850
Biblio Files Company Contribution Margin Income Statement For the Year Ended December 31, 20Y8
1 Sales $424,000.00
2 Variable costs:
3 Manufacturing expense $169,600.00
4 Selling expense 16,960.00
5 Administrative expense 67,840.00 254,400.00
6 Contribution margin $169,600.00
7 Fixed Costs:
8 Manufacturing expense $88,000.00
9 Selling expense 8,000.00
10 Administrative expense 10,000.00 106,000.00
11 Income from operations $63,600.00
Biblio Files Company is making plans for its next fiscal year, and decides to sell two new types of bookshelves, Basic and Deluxe. The company has compiled the following estimates for the new product offerings.
Type of Bookshelf Sales Price per Unit Variable Cost per Unit
Basic $5.00 $1.75
Deluxe 9 8.1
The company is interested in determining how many of each type of bookshelf would have to be sold in order to break even. If we think of the Basic and Deluxe products as components of one overall enterprise product called "Combined," the unit contribution margin for the Combined product would be $2.31. Fixed costs for the upcoming year are estimated at $346,962. Recall that the totals of all the sales mix percents must be 100%. Determine the amounts to complete the following table.
Type of Bookshelf Percent of Sales Mix Break-Even Sales in Units Break-Even Sales in Dollars
Basic
Deluxe
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