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CVP and Financial Statements



CVP and Financial Statements 1. Procter & Gamble Company is a Cincinnati-based company that products under brand & names such as Gillette, bounty, crest, Folgers, and Tide. The Company’s 2006 income statements showed the following (in millions): Net sales $68,222 Costs of products sold 33,125 Selling, general, and administrative expense 21,848 Operating income $13,249 Suppose that the costs of products sold are the only variable cost: selling, general, and administrative expenses are fixed with respects to sales. Assume that Procter & gamble had a 10% increase in sales in 2007 and that there was no change in costs excepts for increases associated with the higher volume of sales. Compute the predicted 2007 operating income for Procter & gamble and its percentage increase. Explain why the percentage increase in income differs from the percentage increase in sales Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help


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