B 1 u . |2. Aligrment Number Conditional Format as-Cell Formatting Table Styles Paste Cels Editing Cipboard B4 1x 1117000 1 Jay Corporation has decided to prepare contribution income statements for internal planning 3 Budgeted information for Quarter 1 of Year 3 Sales in units 17,00 48.00 5 Sales price per unit 7After analyzing expenses, the company has determined the following cost patterns Cost of Goods Sold (per unit) 9 Sales Commissions (per dollar of sales) 10 29,00 9.50% 11 | Administrative Salaries (per quarter) $ 45,000 00 27,000.00 13 Depreciation Expense (per quarter) $ 36,000.00 12 Rent Expense (per quarter) ie 1. Prepare a contribution margin income statement for Quarter 1 of Year 3 ay Corporation Budgeted Income Statement For Year 3, Quarter 1 22 Sales Prev 10( 1 Next Budgeted Income Statement For Year 3, Quarter 1 19 20 21 22 Sales 3 Variable expenses: 24 Cost of goods sold 25 Sales commissions 6 Total variable expenses 27 Contribution margin 28 Fixed expenses: 29 Adminstrative salaries 30 Rent expense 31 Depreciation expense 32 Total fixed expenses 33 Net operating income Prey Next 8 9