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1. 2. Number of units sold 10,000 Selling price per unit $ 15 Variable selling expense per unit $ 2 Variable administrative expense per unit
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Number of units sold 10,000 Selling price per unit $ 15 Variable selling expense per unit $ 2 Variable administrative expense per unit $ 1 Total fixed selling expense $ 20,000 Total fixed administrative expense $ 15,000 Merchandise inventory, beginning balance $ 12,000 Merchandise inventory, ending balance $ 22,000 Merchandise purchases $ 90,000 Required: Prepare a traditional income statement. (Input all amounts as positive values except losses which should be indicated by a minus sign. Omit the "$" sign in your response.) Redhawk, Inc. Traditional Income Statement Prepare a contribution format income statement. (Input all amounts as positive values except losses which should be indicated by a minus sign. Omit the "$" sign in your response.) Redhawk, Inc. Contribution Format Income Statement Number of units sold 10,000 Selling price per unit $ 15 Variable selling expense per unit $ 2 Variable administrative expense per unit $ 1 Total fixed selling expense $ 20,000 Total fixed administrative expense $ 15,000 Merchandise inventory, beginning balance $ 12,000 Merchandise inventory, ending balance $ 22,000 Merchandise purchases $ 90,000 Required: Prepare a traditional income statement. (Input all amounts as positive values except losses which should be indicated by a minus sign. Omit the "$" sign in your response.) Redhawk, Inc. Traditional Income Statement Prepare a contribution format income statement. (Input all amounts as positive values except losses which should be indicated by a minus sign. Omit the "$" sign in your response.) Redhawk, Inc. Contribution Format Income StatementStep by Step Solution
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