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24 p Online Cion Problems Prepare the problems below using Excel. Upload the workbook using the link. 1.(18 points) Xavior Sales Corporation, a merchandising company,
24 p Online Cion Problems Prepare the problems below using Excel. Upload the workbook using the link. 1.(18 points) Xavior Sales Corporation, a merchandising company, reported total sales of $2,534,000 for May. Variable selling expenses were $100.400 fixed selling expenses were $46,700, variable administrative expenses were $110,200, and fixed administrative expenses were $133,900. The cost of merchandise purchased during the month was $1,630,800. The beginning balance in the merchandise inventory account was $231,600, and the ending balance was $266,800. In addition to the above costs, sales salaries and commissions were $35,600 plus 6% of sales Required: a. Prepare a contribution format income statement for May b. Prepare a traditional format income statement for May tr of one of Reifel Corporation's factories are listed
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