Morrisey & Brown, Ltd., of Sydney is a merchandising company that is the sole di
ID: 2503927 • Letter: M
Question
Morrisey & Brown, Ltd., of Sydney is a merchandising company that is the sole distributor of a product that is increasing in popularity among Australian consumers. The company's income statements for the three most recent months follow:
1,900
3,300
4,950
127,300
221,100
331,650
214,700
372,900
559,350
41,900
41,900
41,900
274,400
347,200
433,000
A$ (59,700
A$ 25,700
A$ 126,350
(Note: Morrisey & Brown, Ltd.'s Australian-formatted income statement has been recast in the format common in the United States. The Australian dollar is denoted here by A$.)
Redo the company's income statement at the 4,950-unit level of activity using the contribution format.(Input all amounts as positive values except net operating loss which should be indicated by a minus sign. Omit the "A$" sign in your response.)
A$
Morrisey & Brown, Ltd., of Sydney is a merchandising company that is the sole distributor of a product that is increasing in popularity among Australian consumers. The company's income statements for the three most recent months follow:
Explanation / Answer
Shipping Expenses
Salaries And commission
Variable cost 12 per unit 40 per unit Fixed cost 19,700
34,400
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