Acc561 Introduction to Management Accounting: 6-45 Yoko Ltd. had the following data

Acc561 Introduction to Management Accounting

6-45 Straightforward Contribution Income Statement
Yoko Ltd. had the following data (in millions of yen) for a given period:
Sales 770
Direct materials 290
Direct labor 140
Variable factory overhead 60
Variable selling and administrative expenses 100
Fixed factory overhead 120
Fixed selling and administrative expenses 45

There were no beginning or ending inventories. Compute the (a) variable manufacturing cost of goods sold, (b) contribution margin, and (c) operating income.
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