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A merchandising firm sells a single product. the companies revenues and expenses for the last three months are given below.

April May June
sales in units 4500 5250 6000
sales revenue 630000 735000 840000
COGS 252000 294000 336000
Gross Margin 378000 441000 504000
Selling & Admin Expenses:
Shipping Exp 56000 63500 71000
Adv. exp 70000 70000 70000
sal and Comm 143000 161750 180500
insurance exp 9000 9000 9000
depreciation exp 42000 42000 42000
total selling&admin exp 320000 346250 372500
Net Operating Exp 58000 94750 131500

Required:

a) Determine which expenses are mixed and, by use of the high low method, seperate each mixed expense into its variable and fixed components. state the cost formula for each mixed expense.

b) Compute the company's total contribution margins for May.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9413020

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