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Complete each of the following contribution format income statements by supplying the missing numbers.
a. b. c. d.
Sales revenue $ $485,168 $ $686,356
Variable expenses 232,804 102,728
Contribution margin 130,532 171,860 430,808
Fixed expenses 87,912 146,396
Operating income 21,597
Income taxes 25,184 21,532 60,859
Net income $15,118 $
$64,596 $182,577

Sagot :

Answer and Explanation:

The missing amount is as follows:

a.

Sales revenue = Variable expense + contribution margin

= $232,804 + $130,532

= $363,336

Fixed expense = Contribution margin - operating income

= $130,532 - $21,597

= $108,935

Income tax = OPerating income - net income

= $21,597 - $15,118

= $6,479

b.

Variable expesne = sales revenue - contribution margin

= $485,168 - $171,860

= $313,308

Operating income = contribution margin - fixed expense

= $171,860 - $87,912

= $83,948

Net income = operating income - income tax

= $83,948 - $25,184

= $58,764

c.

Operating income = income tax + net income

= $21,532 + $64,596

= $86,128

Contribution margin = Fixed expense + operating income

= $146,396  + $86,127

= $232,524

Sales revenue = variable expense + contribution margin

= $102,728 + $232,524

= $335,252

d.

Variable expense = sales revenue - contribution margin

= $686,356 - $430,808

= $255,548

Operating income  = income tax + net income

= $60,859 + $182,577

= $243,436

Fixed expense = Contribution margin- operating income

= $430,808 - $243,436

= $187,372

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