BSG505H_12.20.10

# BSG505H_12.20.10 - ACCOUNTING What the Numbers Mean 10e...

This preview shows pages 1–3. Sign up to view the full content.

ACCOUNTING: What the Numbers Mean, 10e Chapter 12 Problem 12.20 Name: Enter Name General Spreadsheet Instructions: Step 1: Review General Spreadsheet Instructions Step 2: Review Problem 12.20 Worksheet Step 3: Complete Analysis Worksheet Step 4: Respond to "What the Numbers Mean" Worksheet Complete the problem requirements by entering appropriate dollar amounts or formulas in " shaded " worksheet cells

This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document
ACCOUNTING: What the Numbers Mean, 10e Chapter 12 Problem 12.20 Name: Enter Name Problem Description: Shown below is an income statement in the traditional format for a firm with a sales volume of 15,000 units. Revenues \$ 105,000 Cost of goods sold (\$8,000 + \$3.60/unit) 62,000 Gross profit \$ 43,000 Operating expenses: Selling (\$1,500 + \$0.80/unit) 13,500 Administration (\$4,000 + \$0.50/unit) 11,500 Operating income \$ 18,000 Instructions: Please proceed to the "Analysis" worksheet and complete the basic problem requirements. Complete the problem requirements by entering appropriate amounts or formulas in shaded worksheet cells: a. Prepare an income statement in the contribution margin format.
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

### What students are saying

• As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

Kiran Temple University Fox School of Business ‘17, Course Hero Intern

• I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

Dana University of Pennsylvania ‘17, Course Hero Intern

• The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

Jill Tulane University ‘16, Course Hero Intern