FOR 20,000 UNITS PLEASE!! Individually complete a contribution margin income statement in good form for Kodiak Company a
Posted: Thu May 19, 2022 3:32 pm
FOR 20,000 UNITS PLEASE!!
Individually complete a contribution margin income statement in
good form for Kodiak Company at one of
the possible activity levels (18,000, 20,000, 22,000, or 24,000
units). Be sure to show all calculations in detail for
full credit.
IMPORTANT INSTRUCTIONS:
1. Navigate to your Group Homepage and use
your Group's Announcement tool to decide among your
teammates who will work on which part [one of the
four activity scenarios: 18,000, 20,000,
22,000, or 24,000 units]. Teams with three
members will complete three activity scenarios, while teams with
four members will complete all four.
2. Once your roles are agreed, post your solution to your part
in your group's Discussion forum. For full credit, be
sure to type or paste your solution directly into the reply box (no
attachments, please), and provide detailed and constructive
feedback to your teammates. The deadline for providing feedback is
24 hours after the assignment deadline.
Chapter 23 team problem
Kodiak Company provides the following data developed for its
master budget:
Sales price ………………………
$11.00 per unit
Costs
Direct materials ……………….
$3.00 per unit
Direct labor ……………………
$4.75 per unit
Variable overhead …………….
$0.50 per unit
Factory depreciation ………….
$12,000 per month
Supervision ……………………
$13,000 per month
Selling expense ………………..
$0.25 per unit
Administrative cost ……………
$9,000 per month
Required:
Prepare flexible budgets for sales of 18,000, 20,000, 22,000,
and 24,000 units. Use the contribution margin format.
Individually complete a contribution margin income statement in
good form for Kodiak Company at one of
the possible activity levels (18,000, 20,000, 22,000, or 24,000
units). Be sure to show all calculations in detail for
full credit.
IMPORTANT INSTRUCTIONS:
1. Navigate to your Group Homepage and use
your Group's Announcement tool to decide among your
teammates who will work on which part [one of the
four activity scenarios: 18,000, 20,000,
22,000, or 24,000 units]. Teams with three
members will complete three activity scenarios, while teams with
four members will complete all four.
2. Once your roles are agreed, post your solution to your part
in your group's Discussion forum. For full credit, be
sure to type or paste your solution directly into the reply box (no
attachments, please), and provide detailed and constructive
feedback to your teammates. The deadline for providing feedback is
24 hours after the assignment deadline.
Chapter 23 team problem
Kodiak Company provides the following data developed for its
master budget:
Sales price ………………………
$11.00 per unit
Costs
Direct materials ……………….
$3.00 per unit
Direct labor ……………………
$4.75 per unit
Variable overhead …………….
$0.50 per unit
Factory depreciation ………….
$12,000 per month
Supervision ……………………
$13,000 per month
Selling expense ………………..
$0.25 per unit
Administrative cost ……………
$9,000 per month
Required:
Prepare flexible budgets for sales of 18,000, 20,000, 22,000,
and 24,000 units. Use the contribution margin format.