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Presented is Violet Company�s Contribution Income StatementVIOLET.pdf

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Presented is Violet Companys Contribution Income Statement: VIOLET COMPANY Contribution Income Statement For the Month Ending January 31, 2020 Sales $200,000 Less variable costs: Direct materials $50,000 Direct labor 20,000 Variable factory overhead 60,000 Variable S&A expenses 12,000 (142,000) Contribution margin $ 58,000 Less fixed costs: Factory overhead $13,000 Fixed S&A expenses 12,000 (25,000) Net income $ 33,000 With a functional income statement, Violet would have reported a gross margin of: Select one: A. $57,000 B. $58,000 C. $33,000 D. $70,000 VIOLET COMPANY Contribution Income Statement For the Month Ending January 31, 2020.

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Presented is Violet Companys Contribution Income Statement: VIOLET COMPANY Contribution Income Statement For the Month Ending January 31, 2020 Sales $200,000 Less variable costs: Direct materials $50,000 Direct labor 20,000 Variable factory overhead 60,000 Variable S&A expenses 12,000 (142,000) Contribution margin $ 58,000
Less fixed costs: Factory overhead $13,000 Fixed S&A expenses 12,000 (25,000) Net income $ 33,000 With a functional income statement, Violet would have reported a gross margin of: Select one: A. $57,000 B. $58,000 C. $33,000 D. $70,000 VIOLET COMPANY Contribution Income Statement For the Month Ending January 31, 2020

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Presented is Violet Company�s Contribution Income StatementVIOLET.pdf

  • 1. Presented is Violet Companys Contribution Income Statement: VIOLET COMPANY Contribution Income Statement For the Month Ending January 31, 2020 Sales $200,000 Less variable costs: Direct materials $50,000 Direct labor 20,000 Variable factory overhead 60,000 Variable S&A expenses 12,000 (142,000) Contribution margin $ 58,000
  • 2. Less fixed costs: Factory overhead $13,000 Fixed S&A expenses 12,000 (25,000) Net income $ 33,000 With a functional income statement, Violet would have reported a gross margin of: Select one: A. $57,000 B. $58,000 C. $33,000 D. $70,000 VIOLET COMPANY Contribution Income Statement For the Month Ending January 31, 2020