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Student workbook for VisuSon Inc. Case A210-01
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Total % Var. % Discr. Var. Non- Discr.
Revenues (net) 65,743$ 100% 65,743$
Cost of Goods
Direct Materials 12,742 100% 0% 12,742 - -
Direct Labor 6,959 0% 0% - 6,959 -
Mfg. Overhead - - -
Salary & Wages 4,078 0% 4% - 3,918 160
Operating Expense
Selling
Salary & Wages 2,807 34% 7% 965 1,652 190
Marketing & Advertising 5,036 15% 85% 755 - 4,281
Shipping 1,747 95% 1,660 87 -
Fixed
2009 Contribution I/S Percentage '08 Eq. Units
Revenues 65,743$ 100.0% 110.000
Variable Expenses:
Nondiscretionary Fixed:
Product Costs 13,037$
Discretionary Fixed:
Product Costs 160$ 1.45
Selling 4,471 40.65
Dollars
2009 Contribution Income Statement Assumption
Revenues 65,743$ 10% growth at current price levels
Equivalent Units 110.000
Variable Expenses:
Nondiscretionary Fixed Expenses:
Product Costs 13,037 Budgeted staffing and base wage levels
Discretionary Fixed Expenses: Managers awarded budgeted bonuses
Product Costs 160
Selling 4,471
Balance Sheet FYE 2008 FYE 2009
Current Assets
Cash 5,930$ 6,563$ "six weeks operating expenditures"
Non-Current Assets Budgeted CAPEX and D&A given for PPE & Other Asset combined
Property, Plant and Equipment 26,531 = $20,208 + 4,282 + 5,960 - 5,651 = $24,799
Less Accumulated Depreciation 6,323
Current Liabilities
Accounts Payable 4,496 4,976 Cash based on operating expense, A/P proportional to cash
Notes Payable 14,860 13,856 This is the plug
Owners' Equity
Common Stock 189 189
Statement of Cash Flows
2008 2009
OPERATIONS:
Net Income 3,738$ 3,216$
INVESTING:
Additions to PP&E 6,509
