Quiz – Hudson Co (Contribution Income Statement)
Managerial Accounting
Wild and Shaw
07th Edition
Prepare a forecasted contribution margin income statement.
Prepare a forecasted contribution margin income statement.
What sales is needed to produce target income? What is Margin of Safety?
Determine the predetermined overhead rate, overhead applied, adjusting entry.
Determine the predetermined OH rate, OH cost and direct labor.
Prepare an income statement for the current year using contribution format.
Compute the cost of goods sold.
Compute the overhead cost per unit for each product line, total manufacturing cost and profit per unit.
Your numbers will vary.