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Answer required 1, 2 &3 and provide calculations Check my work Skis sell, on average, for $1,500 per pair. Variable selling expenses are $186 per

Answer required 1, 2 &3 and provide calculations

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Check my work Skis sell, on average, for $1,500 per pair. Variable selling expenses are $186 per pair of skis sold. The remaining selling expenses are fixed. The administrative expenses are 20% variable and 80% fixed. The company purchases its skis from several suppliers at an average cost of $900 per pair. Required: 1. Prepare an income statement for the month using the contribution approach. Sales Variable expenses: Cost of goods sold 2. For every pair of skis sold during January, what was the contribution toward covering fixed expenses and toward earning profits? v | 3. What would the total contribution margin be in a month where 186 pairs of skis were sold? | N Y

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