Prepare a variable costing income statement.

production cost per bottle under variable costing? b. What was variable cost of goods sold? c. What was the contribution margin per bottle? d. What was the contribution margin ratio? 9. LO.1 (Variable costing income statement) High Flight Toys manufactures frisbees. Th e following information is available for 2010, the company’s fi rst year in business when it produced 300,000 units. Revenue of $480,000 was generated by the sale of 180,000 frisbees. 408 Chapter 9 Break-Even Point and Cost-Volume-Profi t Analysis Variable Cost Fixed Cost Production Direct material $150,000 Direct labor 100,000 Overhead 75,000 $112,500 Selling and administrative 90,000 100,000 a. What is the variable production cost per unit? b. What is the total contribution margin per unit? c. Prepare a variable costing income statement. 10. LO.2 (Cost and revenue behavior) Th e following fi nancial data have

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Write a program that reads the name of an element from the user and uses a recursive function to find the longest sequence of elements that begins with that value

Some people like to play a game that constructs a sequence of chemical elements where each element in the sequence begins with the last letter of its predecessor. For example,….

What is the correct charge to the income statement for bad debts and bad debt provisions for the years to 31 December 20X1?

Trade receivables as at 31 December 20X1 were $25,000. The bad debt provision as at 1 January 20X1 was $812. During the year to 31 December 20X1 bad debts of….

Which of the following is an adjusting event?

IAS 10 – Events after the balance sheet date, distinguishes between adjusting and non-adjusting events. Which of the following is an adjusting event? (A) One month after the year end,….