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-3)please see the attached image or below for a homework question

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-3)please see the attached image or below for a homework question

The following totals are used to create CVP Income Statement for Frederick Company for FY2018:

Frederick Company

Selected Financial Figures

For the Year Ended 12/31/18

Sales (100 units)

 

$10,000

Variable Costs:

 

 

     Direct Labor

$1,700

 

     Direct Materials

1,550

 

     Factory Overhead (variable)

2,000

 

     Selling Expenses (variable)

600

 

     Administrative Expenses (variable)

500

 

Fixed Costs:

 

 

     Factory Overhead (fixed)

$900

 

     Selling Expenses (fixed)

1,000

 

     Administrative Expenses (fixed)

1,000

 

Frederick Company utilizes a JIT production system and there are no Raw Materials, Work-in-Process or Finished Goods inventories. Use this information to determine FY 2018 Contribution Margin Percentage. Enter percentage to one decimal place. (example enter 35.5% as 35.5)

Question 3.png

Question 3.png

Question 3.png

The following totals are used to create a CVP Income Statement for Frederick
Company for FY2018:
Frederick Company
Selected Financial Figures
For the Year Ended 12/31/18
Sales (100 units)
$10,000
Variable Costs:
Direct Labor
$1,700
–
Direct Materials
1,550
Factory Overhead (variable)
2,000
Selling Expenses (variable)
600
Administrative Expenses (variable)
500
Fixed Costs:
Factory Overhead (fixed)
$900
Selling Expenses (fixed)
1,000
Administrative Expenses (fixed)
1,000
Frederick Company utilizes a JIT production system and there are no Raw
Materials, Work-In-Process or Finished Goods Inventories. Use this
I
 
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