Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. kelly company's most recent contribution format in

Kelly Company's most recent contribution format income statement is shown below: Sales (60,000 Units) total:$600,000...

50.1K

Verified Solution

Question

Accounting

Kelly Company's most recent contribution format income statement is shown below:

Sales (60,000 Units) total:$600,000 per unit:$10

Variable Cost total: 360000 per unit:6

Contribution Margin total:240,000 per unit:4

Fixed Cost total:100,000

Operating Income total:140,000

prepare a new contribution format income statement under each of the following conditions (consider each case independently):

Ther selling price decreases by $2 per unit fixed costs decrease by $30,000 and the variable costs per unit increases by 10% would this change be beneficial please explain

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Biology
1.2K views

Describe how the different enzyme subunits of pyruvate dehydrogenase interact with their cofactors to catalyze decarboxylation of...

Basic Math
1.2K views

What are some limitations of the dataset recidivism of released prosioner in 1994?

Biology
1.2K views

What features distinguish small regulatory RNA SRNA from cis antisense RNA asRNA Features 6 items...

Basic Math
1.2K views

Given that a rectangle has a width of 5 feet and a perimeter of 34...

Basic Math
1.2K views

You write the numbers 1-10 on slips of paper and throw them into a hat....

Statistics
1.2K views

The Average American Is in Credit Card Debt No Matter the Economy reported that only...

Algebra
1.2K views

ble and atable Likelihood becoming a actual liability Reasonably possible or probable but not estimatable...

Accounting
1.2K views

True or False - Critical success factors are those items that should be identified prior...

Accounting
1.2K views

Question 6 (1 point) Whether a cost behaves as a fixed cost or as a...

Accounting
1.2K views

Case 1 Hamilton Corporation Overview Hamilton Corporation (the Company) is a multinational auto parts...

Accounting
1.2K views

Bed & Bath, a retailing company, has two departments-Hardware and Linens. The company's most recent...

Finance
1.2K views

This year Gerrys friend, Dewey, was disabled. Gerry paid $15,600 to Deweys doctor for medical...