B e a u t i f u l B a b o o n s is web based, all of its cost of goods sold is variable A large portion of the selling and marketing expenses consists of freight out charges ( $ 1 9 , 0 0 0 ), which were also variable Only 20 of the remaining selling and marketing expenses and 25 of the website expenses were variable Of the other operating expenses, 90 were fixed Based on this in formation, prepare Beautiful Baboons contribution margin income statement for last year Beautiful Baboons Traditional Income Statement (Absorption Costing) For the Year Ended December 31 Sales revenue $990,000 Less Cost of goods sold 667,000 Gross profit $323,000 Less operating expenses Selling and marketing expenses $64,500 Website maintenance expenses 56,500 Other operating expenses 17,200 138,200 Operating income $184,800 Beautiful Baboons Traditional Income Statement (Absorption Costing) For the Year Ended December 31 Sales revenue $990,000 Less Cost of goods sold 667,000 Gross profit $323,000 Less operating expenses Selling and marketing expenses $64,500 Website maintenance expenses 56,500 Other operating expenses 17,200 138,200 Operating income Beautiful Baboons Contribution Margin Income Statement For the Year Ended December 31

Question

B e a u t i f u l B a b o o n s is   web based, all of its cost of goods sold is variable  A large portion of the selling and marketing expenses consists of   freight out charges   ( $ 1 9 , 0 0 0   ), which were also variable  Only   20  of the remaining selling and marketing expenses and   25  of the website expenses were variable  Of the other operating   expenses, 90  were fixed  Based on this   in formation, prepare Beautiful Baboons contribution margin income statement for last year  Beautiful Baboons Traditional Income Statement (Absorption Costing) For the Year Ended December 31 Sales revenue $990,000 Less  Cost of goods sold 667,000 Gross profit $323,000 Less operating expenses  Selling and marketing expenses $64,500 Website maintenance expenses 56,500 Other operating expenses 17,200 138,200 Operating income $184,800 Beautiful Baboons Traditional Income Statement (Absorption Costing) For the Year Ended December 31 Sales revenue $990,000 Less  Cost of goods sold 667,000 Gross profit $323,000 Less operating expenses  Selling and marketing expenses $64,500 Website maintenance expenses 56,500 Other operating expenses 17,200 138,200 Operating income Beautiful Baboons Contribution Margin Income Statement For the Year Ended December 31

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B e a u t i f u l B a b o o n s is ? web-based, all of its cost of goods

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Beautiful Baboons
Traditional Income Statement (Absorption Costing)
For the Year Ended December 31
Sales revenue		$990,000
Less: Cost of goods sold		667,000
Gross profit		$323,000
Less operating expenses:
Selling and marketing expenses	$64,500
Website maintenance expenses	56,500
Other operating expenses	17,200	138,200
Operating income