Question Details

(Solved by Expert Tutors)
Variable Costing Income Statement?Service Company

East C


Variable Costing Income Statement?Service Company

East Coast Railroad Company transports

commodities among three routes (city-pairs): Atlanta/Baltimore, Baltimore/Pittsburgh, and Pittsburgh/Atlanta. Significant costs, their cost behavior, and activity rates for April 2014, are as follows:

Operating statistics from the management information system reveal the following for April:


Hide Hint(s)?

Prepare a?contribution margin?by route report for East Coast Railroad Company for the month of April. Calculate the contribution margin ratio, rounded to one decimal place.



?East Coast Railroad Company?
?Contribution Margin by Route?
?For the Month Ended April 30, 2014?
?Atlanta/Baltimore?
?Baltimore/Pittsburgh?
?Pittsburgh/Atlanta?
?Total?
?Revenues?
$??
$??
$??
$??
?Variable costs:?
?Labor costs for loading and unloading railcars?
$??
$??
$??
$??
?Fuel costs?
??
??
??
??
?Train crew labor costs?
??
??
??
??
?Switchyard labor costs?
??
??
??
??
?Total variable costs?
$??
$??
$??
$??
?Contribution margin?
$??
$??
$??
$??
?Contribution margin ratio?
??%
??%
??%
??%

?


Hide Feedback Incorrect Check My Work Feedback

Calculate:
Revenues = revenue per railcar x number of railcars
Variable costs:
Labor costs for loading = $46 x number of railcars
Fuel costs = $12.40 x number of train-miles
Train crew labor costs = $7.20 x number of train-miles
Switchyard labor = $31 x number of railcars
Then prepare contribution margin analysis as:
Revenues - Variable costs = Contribution Margin
To calculate the contribution margin ratio, divide the contribution margin by revenues.

Learning Objective 4?and?Learning Objective 6.




?Beach Motors Inc.?
?Variable Costing Income Statement?
?For the Month Ended July 31, 2014?
? ?
$??
? ?
??
? ?
$??
? ?
??
? ?
$??
?Fixed costs:?
? ?
$??
? ?
??
??
? ?
$??


 


Solution details:

Pay using PayPal (No PayPal account Required) or your credit card . All your purchases are securely protected by .
SiteLock

About this Question

STATUS

Answered

QUALITY

Approved

DATE ANSWERED

Apr 19, 2020

EXPERT

Tutor

ANSWER RATING

YES, THIS IS LEGAL

We have top-notch tutors who can do your essay/homework for you at a reasonable cost and then you can simply use that essay as a template to build your own arguments.

You can also use these solutions:

  • As a reference for in-depth understanding of the subject.
  • As a source of ideas / reasoning for your own research (if properly referenced)
  • For editing and paraphrasing (check your institution's definition of plagiarism and recommended paraphrase).
This we believe is a better way of understanding a problem and makes use of the efficiency of time of the student.

NEW ASSIGNMENT HELP?

Order New Solution. Quick Turnaround

Click on the button below in order to Order for a New, Original and High-Quality Essay Solutions. New orders are original solutions and precise to your writing instruction requirements. Place a New Order using the button below.

WE GUARANTEE, THAT YOUR PAPER WILL BE WRITTEN FROM SCRATCH AND WITHIN A DEADLINE.

Order Now