Question
Ben's Busiate Corp. has provided you with the following annual information regarding operating revenue and costs: Sales Revenue $ 13,200,000 Variable costs Expenses Fixed Variable
Ben's Busiate Corp. has provided you with the following annual information regarding operating revenue and costs: Sales Revenue $ 13,200,000 Variable costs Expenses Fixed Variable Total Cost as a % of sales Compensation costs 6,063,000 36.00% Utilities 1,188,000 1,310,000 d Advertising 5.00% Insurance 272,000 h 2.00% Supplies 192,000 924,000 J Professional fees 64,000 k 64,000 Other SG&A expenses 992,334 m 1,784,334 n Required: a. b FILL the values for an Prepare an income statement using the contribution margin format assuming a tax rate of 40%
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