15 bricks inc provides architectural services service revenue30 000 salary and other 4307773

15 bricks inc provides architectural services service revenue30 000 salary and other 4307773

15) Bricks Inc. provides architectural services.

Service Revenue30,000

Salary and Other Variable Costs20,350

Rent Expenses4,500

Depreciation Expenses500

Requirements:

a) Calculate the contribution margin, contribution margin ratio, and operating income.

b) Bricks provided service to 150 customers during the month. Determine the average amount the company charged each customer.

16) Home-Plus Inc. has two business segments—Commercial and Residential. The following data has been provided for the year 2014.

CommercialResidential

Service Revenue$5,900$8,500

Variable costs3,5005,400

The company incurred $1,500 as fixed costs.

Requirements:

a) Prepare the income statement of Home-Plus showing the contribution margin of each segment.

b) Calculate the contribution margin ratio of each segment. Which segment is more profitable and

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