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Jung Manufacturing Ltd. manufactures small engine parts. Data for two of the company's customers is ...

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Jung Manufacturing Ltd. manufactures small engine parts. Data for two of the company's customers is ...

Jung Manufacturing Ltd. manufactures small engine parts. Data for two of the company's customers is as follows:
     Customer 1   Customer 2
Revenues at list price    $620,000   $94,000
Units sold   80,000   10,000
Unit list price     $7.75   $9.40
Cost of goods per unit    $4.90   $5.17
Sales discounts     93,000   4,700
Customer-specific costs
Order-taking    $12,400   $470
Product-handling     $14,000   $1,500
Delivery     $9,200   $1,250

Required:
a.   Prepare a comparative income statement in gross margin format with one column for each customer; present customer-specific costs as period expenses.
b.   Which customer is relatively more profitable? Support your answer with comparative percentage analysis.

Textbook

Cost Accounting: A Managerial Emphasis, Canadian Edition

Edition: 7^th

Authors: Horngren, Datar, Rajan, Beaubien

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