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(B) UAE Corporation, a merchandising company, reported the following results for January: Number of units sold.......... Selling price per unit...... 5,800 units ...... $ 892
(B) UAE Corporation, a merchandising company, reported the following results for January: Number of units sold.......... Selling price per unit...... 5,800 units ...... $ 892 Unit cost of goods sold........ ...... $517 Variable selling expense per unit... ........ $31 Total fixed selling expense..... ..... $ 152,600 Variable administrative expense per unit...... ......... $ 48 Total fixed administrative expense......... Cost of goods sold is a variable cost in this company. Required .. $ 390,200 Prepare a contribution format income statement for January
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