Ask Question, Ask an Expert


Ask Basic Finance Expert

Gross Margin and Contribution Margin Income Statements

Tosca Beverages reports the following information for July:

Units produced and sold 18,800

Per unit revenue and costs:

Sales revenue. $3.20
Direct material costs 0.20
Direct labor costs 0.16
Variable manufacturing overhead 0.06
Fixed manufacturing overhead based
on a volume of 18,800 units 0.92
Variable marketing and administrative costs 0.48
Fixed marketing and administrative costs
Based on a volume of 18,800 units 1.00


a) A gross margin income statement.
b) A Contribution margin income statement.

Please note the difference in unit produced and sold


Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M929026

Have any Question? 

Related Questions in Basic Finance

Develop a computer program that can be used to maintain the

Develop a computer program that can be used to maintain the current status of all active contracts of a construction rum. Input should include contract number and description, contract amount, date of contract award, dat ...

What do you think about the following statement i am going

What do you think about the following statement? "I am going to receive $100 two years from now and $200 three years from now, so I am getting a $300 future value." How could the two cash flows be compared or combined?

Some developing countries including ghana are encouraging

Some developing countries (including Ghana) are encouraging development of local production of basic business services like call centers and data entry, to become an important destination for offshore outsourcing. Which ...

The mental development index mdi of the bayley scales of

The Mental Development Index (MDI) of the Bayley Scales of Infant Development is a standardized measure used in longitudinal follow-up of high-risk infants. The scores on the MDI have approximately a normal distribution ...

Assignment financial managementdirections be sure to save

ASSIGNMENT: Financial Management Directions: Be sure to save an electronic copy of your answer before submitting it to Ashworth College for grading. Unless otherwise stated, answer in complete sentences, and be sure to u ...

Nominal versus real interest rate what is the difference

Nominal versus Real Interest Rate: What is the difference between the nominal interest rate and the real interest rate? What is the logic behind the implied positive relationship between expected inflation and nominal in ...

Learning outcomesthis assignment has been structured in

Learning Outcomes This assignment has been structured in accordance with the following Graduate Attributes: - Ability to demonstrate the quantitative skills taught in the unit. - Use of computing skills to effectively pr ...

Compare and contrast the main policies of the us federal

Compare and contrast the main policies of the US Federal Reserve and the European Central Bank over the last 10 years. Based on these policies, identify and contrast the main priorities of these institutions. How do thes ...

Phd doctorate discussioninternational trade finance please

PhD Doctorate Discussion "International Trade Finance" Please respond to the following: • Analyze the major elements of international trade to determine why there is more risk here than in domestic trade. Make at least o ...

Investmentsinstructions for asset returns paperstep 1

Investments Instructions for Asset Returns Paper Step 1 Extending Siegel (1992) graphs to 2014 This section uses the file "AssetHistoricalReturns" to replicate and extend Siegel (1992) results to 2014. 1. Create a chart ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate