47. Costuvems wholesaler that distributes a single product The company's revesa last three months are given below Crve Company Traditional Format Income Statement For the Three Months Enited June 30 May June Sales in units April 3.000 Sales revenue 3.750 $420,000 5525,000 Cost of goods sold 5630,000 168,000 210.000 Gross margin EZ SL, 252.000 315,0000 378,000 Selling and administrative expenses: Shipping expense 144,000 50,000 56,000 Advertising expense 70,000 70.000 70.000 Salaries and commissions 107.000 125,000 143,000 Insurance expense 9,000 9,000 9.000 Depreciation expense 42.000 42.000 Total selling and administrative expense 272.000 296.000 320,000 Net operating income (loss) S(20,000) $19,000 558,000 Solve (show all computations): A. Indicate whether each of the following costs is fixed, variabl e d - Cost of Goods Sold is Shipping expense is Advertising expense is Salaries and Commissions are Insurance expense is - Depreciation expense is B. Separate cach mixed expense into variable and follement (Use the high-low method and use unit cost formula IV mixed expense. sales as the activity measure). State a C. Compute the company's contribution nrgin for May. l ine information was taken from a recent utor 47. Care e w holesales that distributes a single product. The company's last three months are given below Course Company Traditional Format Income Statement For the three months Ended June 10 April May Sales in units 3.000 1,750 4.500 Sales revenue $420,000 S525.000 5610.000 Cost or goods sold 168.000 EZ SL, Gruss margin 252,000 315,0000 375 000 Selling and administrative expenses Shipping expense 44,000 50.000 56,000 Advertising expense 70.000 70.000 70,000 Salaries and commissions 107.000 125,000 143,000 Insurance expense 9,000 9,000 9.000 Depreciation expense 42.000 42.000 Total selling and administrative expense 272.000 296.000 320,000 Net operating income (loss) S(20,000) $19,000 558,000 Solve (show all computations): e d: A. Indicate whether each of the following costs is fixed, variabl Cost of Goods Sold is - Shipping expense is Advertising expense is . - Salaries and Commissions are - Insurance expense is Depreciation expense is e men (Use the high-low method and use unit B. Separate cach mixed expense into variable and f Cost formula mixed expense. sales as the activity measure). State gin for May. C. Compute the company's contriburu the products: J, L. the following information was taken from a recent Tutor