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Revenues Cost of goods sold Gross profit Gross profit as a percent of sales Customer 1 $130,000 (81,900) $48,100 37% Revenues Activity Base Number of bid requests Number of shipments Number of standard items ordered Number of nonstandard items ordered 15 Customer 2 The administrative records indicated that the activity-base usage quantities for each customer were as follows: 25 20 $210,000 (113,400) $96,600 6 46% Customer 1 Customer 2 Customer 3 Customer 3 $180,000 (90,000) $90,000 40 50% 55 35 65 60 50 52 85 a. Prepare a customer profitability report dated for the year ended December 31, 20Y8, showing (1) the operating income after customer service activities, (2) the gross profit as a percent of sales, and (3) the operating income after customer service activities as a percent of sales. Prepare the report with a column for each customer. Round percentages to the nearest whole percent. Metroid Electric Customer Profitability Report For the Year Ended December 31, 20Y8 Customer 1 Customer 2 Customer 3

Revenues Cost of goods sold Gross profit Gross profit as a percent of sales Customer 1 $130,000 (81,900) $48,100 37% Revenues Activity Base Number of bid requests Number of shipments Number of standard items ordered Number of nonstandard items ordered 15 Customer 2 The administrative records indicated that the activity-base usage quantities for each customer were as follows: 25 20 $210,000 (113,400) $96,600 6 46% Customer 1 Customer 2 Customer 3 Customer 3 $180,000 (90,000) $90,000 40 50% 55 35 65 60 50 52 85 a. Prepare a customer profitability report dated for the year ended December 31, 20Y8, showing (1) the operating income after customer service activities, (2) the gross profit as a percent of sales, and (3) the operating income after customer service activities as a percent of sales. Prepare the report with a column for each customer. Round percentages to the nearest whole percent. Metroid Electric Customer Profitability Report For the Year Ended December 31, 20Y8 Customer 1 Customer 2 Customer 3

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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< Revenues Cost of goods sold Gross profit Gross profit as a percent of sales Customer 1 $130,000 Customer 2 000 $210,000 (113,400) $96,600 (81,900) $48,100 Activity Base Number of bid requests Number of shipments Number of standard items ordered Number of nonstandard items ordered Revenues 37% The administrative records indicated that the activity-base usage quantities for each customer were as follows: 15 25 46% 20 Customer 1 Customer 2 Customer 3 6 40 Customer 3 55 35 $180,000 (90,000) $90,000 65 50% 60 50 52 85 a. Prepare a customer profitability report dated for the year ended December 31, 20Y8, showing (1) the operating income after customer service activities, (2) the gross profit as a percent of sales, and (3) the operating income after customer service activities as a percent of sales. Prepare the report with a column for each customer. Round percentages to the nearest whole percent. Metroid Electric Customer Profitability Report For the Year Ended December 31, 20Y8 Customer 1 Customer 2 Customer 3
Transcribed Image Text:< Revenues Cost of goods sold Gross profit Gross profit as a percent of sales Customer 1 $130,000 Customer 2 000 $210,000 (113,400) $96,600 (81,900) $48,100 Activity Base Number of bid requests Number of shipments Number of standard items ordered Number of nonstandard items ordered Revenues 37% The administrative records indicated that the activity-base usage quantities for each customer were as follows: 15 25 46% 20 Customer 1 Customer 2 Customer 3 6 40 Customer 3 55 35 $180,000 (90,000) $90,000 65 50% 60 50 52 85 a. Prepare a customer profitability report dated for the year ended December 31, 20Y8, showing (1) the operating income after customer service activities, (2) the gross profit as a percent of sales, and (3) the operating income after customer service activities as a percent of sales. Prepare the report with a column for each customer. Round percentages to the nearest whole percent. Metroid Electric Customer Profitability Report For the Year Ended December 31, 20Y8 Customer 1 Customer 2 Customer 3
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