4 2 points look Marwick's Pianos, Incorporated, purchases planos from a large manufacturer for an average cost of $1,499 per unit and then sells them to retail customers for an average price of $2,100 each. The company's selling and administrative costs for a typical month are presented below Costa Selling Advertising Sales salaries and commissions Delivery of planos to customers Utilities Cost formula 1932 per month 34,004 per month, plus 4% of sales 10 10 Print References Depreciation of sales facilities Adeinistrative Executive salaries Insurance Clerical Depreciation of office equipeent $50 per plano sold 366 per month $5.007 per month 113.466 per Month 3 007 per Month $2,459 per wonth, plus $35 per piano sold 002 per month During August, Marwick's Pianos, Incorporated, sold and delivered 57 planos Required: 1. Prepare a traditional format income statement for August 2. Prepare a contribution format income statement for August. Show costs and revenues on both a total and a per unit bases down through contribution margin, Required 1 Required 2 Prepare a traditional format income statement for August. (A "Net operating loss" should be entered as a negative number.) Marwick's Planos, Incorporated Traditional Income Statement For the Month of August Selling and administrative expenses Selling expenses Total selling expenses Administrative expenses Total administrative expenses 0 Total selling and administrative expenses Required 2 > Required 1 Required 2 Prepare a contribution format Income statement for August, Show costs and revenues on both a total and a per unit basis down through contribution margin. (A "Net operating loss" should be entered as a negative number.) Marwick's Pianos, Incorporated Contribution Format Income Statement For the Month of August Variable expenses Total variable expenses Contribution margin Fixed expenses Total Per Plano Total fixed expenses 0 < Prev 4 of 5 Next >