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question the following data are taken from the records of bruce inc prepare a contri 4290237

Question

The following data are taken from the records of Bruce Inc.,

Prepare a contribution margin analysis report for the year ended December 31. Refer to the lists of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. Be sure to complete the statement heading. A colon (:) will automatically appear if it is required. For those boxes in which you must enter subtracted or negative numbers use a minus sign.

Bruce Inc.

Contribution Margin Analysis

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For Year Ended December 31

 

Actual

Planned

Increase or (Decrease)

Sales

$31,2000

$32,5000

$(13,000)

Less:

 

 

 

Variable cost of goods sold

$169,200

$182,000

$(12,800)

Variable selling and administrative expenses

32,400

39,000

(6,600)

Total

$201,600

$221,000

$(19,400)

Contribution margin

$110,400

$104,000

$ 6,400

Number of units sold

120,000

130,000

(10,000)

Per unit:

 

 

 

Sales price

$2.60

$2.50

0.10

Variable cost of goods sold

1.41

1.40

0.01

Variable selling and administrative expenses

0.27

0.30

(0.03)

       

 

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