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Author Question: Restate the following income statement for a merchandising company in contribution format.Sales ($20 ... (Read 86 times)

kckanistras

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on: Feb 5, 2023

Question 1

Restate the following income statement for a merchandising company in contribution format.

Sales ($10 per unit)​$5,000
Less cost of goods sold ($6 per unit)​ 3,000
Gross margin​2,000
Less operating expenses​​
  Commissions ($0.60 per unit)$300​
  Salaries  800 1,100
Operating Income​$  900


Question 2

Restate the following income statement for a merchandising company in contribution format.

Sales ($20 per unit)​$20,000
Less cost of goods sold ($6 per unit)​ 6,000
Gross margin​14,000
Less operating expenses​​
  Shipping charges ($2 per unit)$2,000​
  Salaries3,000​
  Utilities 4,000 9,000
Operating Income​$ 5,000
Managerial Accounting ¦ Davis ¦ 4th Edition
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Marked as best answer by kckanistras on Feb 5, 2023

Mynameisrandom

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Reply #1 on: Feb 5, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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kckanistras

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Reply 2 on: Feb 5, 2023
YES! Correct, THANKS for helping me on my review

strudel15

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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