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ALPINE, INC. Income Statement For the year ended June 30, 2016 Sales (40,000 Units at $12) $480,000 Less: Cost of Goods Sold Direct Materials $120,000

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ALPINE, INC. Income Statement For the year ended June 30, 2016 Sales (40,000 Units at $12) $480,000 Less: Cost of Goods Sold Direct Materials $120,000 Direct Labor 65,600 Manufacturing Overhead 90,000 275,600 Gross Margin 204,400 Less: Operating expenses: Selling expenses: Variable: $38,400 Sales Commissions Shipping 14,000 52,400 Fixed (Advertising, salaries) 110,000

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