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8. Sunny Inc., a manufacturing company, has provided the following financial data for September: Sales.... $590,000 Variable production expense....... $106,000 Variable selling expense.. $18,000 Variable
8. Sunny Inc., a manufacturing company, has provided the following financial data for September: Sales.... $590,000 Variable production expense....... $106,000 Variable selling expense.. $18,000 Variable administrative expense.... $78,000 Fixed production expense.......... $145,000 Fixed selling expense.. $72,000 Fixed administrative expense....... $132,000 The company had no beginning or ending inventories. Required: a. Prepare an income statement in good form for September using the traditional approach. b. Prepare an income statement in good form for September using the contribution approach. a. Traditional approach b. Contribution approach
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