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28 5.00 Crazy Canucks is a small family owned retailer specializing in alpine skd and snowboard equipment located in Squamish B.C. An income statement for the ski departments most recent month is shown below Sales Cost of le Selling p Operating income CRAZY CAROLKS Statement-Crasys For the ended January 2 In $70,000 25,000 314,000 212,400 141,600 Cristy Canucks Income Statement-Crazy Canucks Furthe Munth Ended January 31 54,900 $ 47,00 Sals set, on average for $1,500 per pak Variable selling expenses are $186 per pair of skis sold. The remaining selling expenses are ted. The administrative expenses are 20% variable and 80% fixed. The company purchases its skis from several suppliers at an average cost of $900 per pak Required: t. Prepare an income statement for the month using the contribution approach
28 S S D 10 D 0 2. For every pair of sios sold during January, what was the contribution toward covering fixed expenses and toward eaming prots? 3. What would the total contribution margin be in a month where 186 pairs of skis were sold?
28 2 1122 Crazy Canucks is a small, family-owned retailer specializing in alpine ske and snowboard equipment located in SBC Income statement for the ski department's most recent month is shown below Sales Cast of goods sold Tecom 112 Salling dinistration opoliti Selling expenses $70,000 $.354,000 112,400 3414 Crazy Canucka income Statement-Crary Canucks $ 47,300 Skas sell, on average, for $1.500 per pair. Variable selling expenses are St86 per pair of skis sold. The remaining setting expenses are fixed. The administrative expenses are 20% variable and 80% fored. The company purchases its skis from several suppliers at on average cost of $900 per pai Required: 1. Prepare an income statement for the month using the contribution approach
28 Required: 1. Prepare an income statement for the month uang the contribution approach Tot expens for the th Endel Jabia 2 For every pa of skis sold during January, what was the contribution toward covering fed expenses and toward eaming po
28 -01:20:50 Fixed expenses S 2. For every pair of skis sold during January, what was the contribution toward covering feed expenses and toward warning profits? per par Taration mem S 3. What would the total contribution margin be in a month where 186 pairs of skis were sold?
28 grants 00:46:01 Crazy Canucks is a small family owned retaller specializing in alpine skd and snowboard equipment located in Squamish, B.C. An income statement for the ski department's most recent month is shown below Sales Cast of good old wargin Selling and CRAZY CANCES Income Statement-Crazy Canucks For the North Ended Juary 1 istrative penses) Selling expenses Aministrative expenses Operating Income Variable expenses Crazy Canucks Income Batemand-Crary Canucks For the Month Ended January 31 $70,000 23,000 Skis sell on average, for $1.500 per paic Variable selling expenses are $186 per pair of skis sold. The remaining selling expenses are fixed. The administrative expenses are 20% variable and 80% foxed. The company purchases its skes from several suppliers at an average cost of $900 per pa 1:154,000 212,400 141,000 Required: 1. Prepare an income statement for the month using the contribution approach. S $ 47,200
28 200.48.30 Fed expens Couten rigt 1 01 0 2. For every pair of skis sold during January, what was the contribution toward covering fixed expenses and toward earning profits al carbutos magn D 0 3. What would the total contribution margin be in a month where 186 pairs of skis were sold?