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    Functional Income Statement: Revenue 150,000

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    bnmjgc
    This document contains two income statements - a functional income statement and a contribution margin income statement. The functional income statement breaks down revenues and costs into manufacturing costs, non-manufacturing costs, and gross margin. The contribution margin income statement separates costs into variable costs like direct material and labor, and fixed costs like rent and depreciation to calculate contribution margin and profit. Total revenue was $150,000 with a profit of $17,000 according to both statements.

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    Functional Income Statement: Revenue 150,000

    Uploaded by

    bnmjgc
    21 views2 pages
    This document contains two income statements - a functional income statement and a contribution margin income statement. The functional income statement breaks down revenues and costs into manufacturing costs, non-manufacturing costs, and gross margin. The contribution margin income statement separates costs into variable costs like direct material and labor, and fixed costs like rent and depreciation to calculate contribution margin and profit. Total revenue was $150,000 with a profit of $17,000 according to both statements.

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    Functional Income Statement

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    This document contains two income statements - a functional income statement and a contribution margin income statement. The functional income statement breaks down revenues and costs into manufacturing costs, non-manufacturing costs, and gross margin. The contribution margin income statement separates costs into variable costs like direct material and labor, and fixed costs like rent and depreciation to calculate contribution margin and profit. Total revenue was $150,000 with a profit of $17,000 according to both statements.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    21 views2 pages

    Functional Income Statement: Revenue 150,000

    Uploaded by

    bnmjgc
    This document contains two income statements - a functional income statement and a contribution margin income statement. The functional income statement breaks down revenues and costs into manufacturing costs, non-manufacturing costs, and gross margin. The contribution margin income statement separates costs into variable costs like direct material and labor, and fixed costs like rent and depreciation to calculate contribution margin and profit. Total revenue was $150,000 with a profit of $17,000 according to both statements.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    Functional Income Statement

    Revenue 150,000

    Manufacturing Costs
    (variable & fixed)COGS
    Direct material 49,000

    Direct labor 23,000

    Depreciation 4,000

    Electricity 4,900

    Other manufacturing 20,400

    Rent 5,000

    Gross margin 57,600

    Non-manufacturing Costs
    (fixed & variable)SG&A
    selling 8,000

    Selling commission 13,700

    Administrative 5,000

    Profit 17,000

    Contribution margin Income Statement


    Revenue 150,000

    variable Costs
    (manufacturing & Non-
    manufacturing)
    Direct material 49,000

    Direct labor 23,000

    Other manufacturing 20,400

    Selling commission 13,700

    Electricity 4,900

    Contribution margin 39,000

    fixed Costs
    (manufacturing & Non-
    manufacturing)
    Rent 5,000

    Depreciation 4,000

    selling 8,000

    Administrative 5,000

    Profit 17,000

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