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Functional Income Statement Analysis

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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32 views2 pages

Functional Income Statement Analysis

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.

Uploaded by

bnmjgc
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

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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