Annual Income Statement Analysis: Vortex Company

Anonymous
timer Asked: Feb 14th, 2019
account_balance_wallet $20

Question Description

Read Problem 9-4A in your textbook and answer the questions that follow. Your response should be 4 to 6 pages long, including attachments and follow APA format.

Also read Problem 10-6A in your textbook and answer the questions that follow.

Your response should be 2-3 pages long, including attachments and follow APA format. Ensure to give 6 peer reviewed references preferably scholarly journals and intext citation should match references

CLA2 Comprehensive Learning Assessment (CLA 2) Presentation In addition to your CLA2 report, please prepare a professional PowerPoint presentation summarizing your findings for CLA2. The presentation will consist of your major findings, analysis, and recommendations in a concise presentation of 15 slides (minimum). You should use content from your CLA2 report as material for your PowerPoint presentation.

Textbook to use is:

Managerial Accounting 5th edition
John J. Wild University of Wisconsin at Madison Ken W. Shaw University of Missouri at Columbia

Tutor Answer

NKURUMAH
School: Carnegie Mellon University

Hello review team,I am forced to cancel the assignment due to the following reasons:1-I have lacked access to the correct textbook since I just confirmed whatever I was working on does not resonate with the assignment our student requested to be worked on2-I have run out of time mistakenly typing a totally different and wrong paper from his/her requestI would still like to help with the work if the student can provide the textbook in soft copy and a day extension of time,mistakes do happen and I honor unto this one.Kindly let the student know am still available to work on this and am trying to locate the textbook whose rental on Amazon is at $31.99.Let me hear the student feedback.Cancellation Reason: Lacked ACCESS to the correct textbookKind regards
Attached.

Annual Income Statement
Name:
University:
February 2019

Introduction
• Income Statement-Key financial statement that

records the financial position of a company
• Direct Cost-Costs absolutely attributed to the
production of a specific service/product/e.g
Depreciation
• Indirect Cost-Costs that are not traceable to any
specific service / good-e.g Admin expenses
• Overheads-cost linked to running a business but
not linked to production of a specific service or
good

Contribution Margin
• Its calculated as selling price less the






variable cost of production
CM =SP – V.C
It can be stated either gross or per unit
basis
It represents the incremental income
generated for each product/service sold
A measure that indicates how a product
contributes to the profits of the company

Problem 9-4A
Sales
Cost of Sales
Gross Profit
Salaries
Insurance
Utilities
Depreciation
Maintenance

Dept A
800
(497 )
303
125
20
24
21
7

Dept B
450
(291)
159
88
10
14
12
5

Problem 9-4A
Dept A
106
Direct Expenses
Salaries
Insurance
Depreciation
Office
Total Direct Expense

23.04
4.2
21
30
78.24

Dept B
30
12.96
1.8
12
20
46.76

Departmental Contribution
Total Indirect Expense
Direct Expenses
Salaries
Insurance
Depreciation
Office
Total Direct Expen...

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Anonymous
awesome work thanks

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