Nelter Corporation, which has only one product, has provided the following data concerning its most recent...

A 1 a) Contribution format income statement 2 $698,050 3 Sales 4 Variable costs: 5 Variable cost of goods sold 6 Variable selling and administrative expenses $ 72,840 $534,160 7 Contribution margin $ 461,320 $163,890 8 Fixed costs: 9 Manufacturing overhead 10 Selling and administrative expenses 11 Net income $ 112,100 $36,420 $ 148,520 $ 15,370 12 13 b) Fixed manufacturing overhead per unit $112,100/5,900 $19 Absorption costing income statement 15 16 Sales $698,050 17 Less: Cost of goods sold 18 Gross profit 19 Selling and administrative expenses 20 Net income $576,650 $121,400 $109,260 $ 12,140

A C 1 a) Contribution format income statement 2 3 Sales - 115*6070 4 Variable costs 5 Variable cost of goods sold 6 Variable selling and administrative expenses 7 Contribution margin +(46+27+3)*6070 12*6070 =+B5+B6 +C3-C6 8 Fixed costs: 9 Manufacturing overhead 10 Selling and administrative expenses 11 Net income 112100 +B9+B10 36420 +C7-C10 12 13 b) 14 Fixed manufacturing overhead per unit $112,100/5,900 $19 Absorption costing income statement 15 16 Sales =115*6070 17 Less: Cost of goods sold 18 Gross profit +(46+27+3+ 19) *6070 +B16-B17 - 36420+ (6070*12) +B18-B19 19 Selling and administrative expenses 20 Net income 1 co.