0.5 points 1. O&A Corporation, a merchandising company, reported the following results for September: Number of units sold Selling price per unit Cost of Goods Sold Total Variable selling expenses Total fixed selling expense Total Variable administrative expense Total fixed administrative expense 3,700 339 531,500 99,900 77,800 44,400 185,200 You are required to: 1. Prepare a contribution format income statement for May 2. Prepare a traditional format income statement for May. is the total variable selling expense(Contribution income statement format) 1. O&A Corporation, a merchandising company, reported the following results for September: Number of units sold Selling price per unit Cost of Goods Sold Total Variable selling expenses Total fixed selling expense Total Variable administrative expense Total fixed administrative expense 3,700 339 531,500 99,900 77,800 44,400 185,200 You are required to: 1. Prepare a contribution format income statement for May 2. Prepare a traditional format income statement for May. What is the total variable expense? (Contribution income statement format) 1. O&A Corporation, a merchandising company, reported the following results for September. Number of units sold Selling price per unit Cost of Goods Sold Total Variable selling expenses Total fixed selling expense Total Variable administrative expense Total fixed administrative expense 3,700 339 531,500 99,900 77,800 44,400 185,200 You are required to: 1. Prepare a contribution format income statement for May 2. Prepare a traditional format income statement for May. What is the contribution margin? (Contribution income statement format) 1. O&A Corporation, a merchandising company, reported the following results for September: Number of units sold Selling price per unit Cost of Goods Sold Total Variable selling expenses Total fixed selling expense Total Variable administrative expense Total fixed administrative expense 3,700 339 531,500 99,900 77,800 44,400 185,200 You are required to: 1. Prepare a contribution format income statement for May 2. Prepare a traditional format income statement for May. What is the gross margin (Traditional income statement format) 1. O&A Corporation, a merchandising company, reported the following results for September: Number of units sold Selling price per unit Cost of Goods Sold Total Variable selling expenses Total fixed selling expense Total Variable administrative expense Total fixed administrative expense 3,700 339 531,500 99,900 77,800 44,400 185,200 You are required to: 1. Prepare a contribution format income statement for May 2. Prepare a traditional format income statement for May. What is the total administrative expense? (Traditional income statement format 1. O&A Corporation, a merchandising company, reported the following results for September: Number of units sold Selling price per unit Cost of Goods Sold Total Variable selling expenses Total fixed selling expense Total Variable administrative expense Total fixed administrative expense 3,700 339 531,500 99,900 77,800 44,400 185,200 You are required to: 1. Prepare a contribution format income statement for May 2. Prepare a traditional format income statement for May. What is the net operating income? (Traditional income statement format)
