• Advertising
• Beginning merchandise inventory
• Clerical
• Cost of goods sold
• Delivery of pianos
• Depreciation of office equipment
• Depreciation of sales facilities
• Direct labor
• Direct materials
• Ending merchandise inventory
• Executive salaries
• Fixed admin
• Fixed manufacturing overhead
• Fixed selling
• Indirect labor
• Indirect materials
• Insurance
• Maintenance
• Manufacturing overhead
• Other expenses
• Purchases
• Sales
• Sales salaries and commissions
• Utilities
• Variable admin
• Variable manufacturing overhead

Required 1 3 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.) Total variable expenses Contribution margin Fixed expenses