Cost Formula Costs Selling: Advertising .. Sales salaries and commissions Delivery of pianos to customers Utilities Depreciation of sales facilities Administrative: Executive salaries Insurance Clerical Depreciation of office equipmen $700 per month $950 per month, plus 8% of sales $30 per piano sold $350 per month $800 per month $2,500 per month $400 per month $1.000 per month, plus $20 per plano sold $300 per month During August, Marwick s Pianos, Inc.. sold and delivered 40 pianos. Required: Prepare an income statement for Marwickis Pianos. Incl: for August. Use the traditional for- matwith costs organized by function Redekabove, this time using the contribution Torma, with costs organized by behavior Show s and revenues on both komanda perlunil basis down through contribution M Reitheliome statement M e di Why might it be misleading to show the lined SOS penju Mathredintind inst24 25 used in meal preparation... X X PROBLEM 2-19 Contribution Format versus Traditional Income Statement [L02-6] Marwick's Pianos, Inc., purchases pianos from a large manufacturer and sells them at the retail level. The pianos cost, on the average, $2,450 each from the manufacturer. Marwick's Pianos, Inc., sells the pianos to its customers at an average price of $3,125 each. The selling and administrative costs that the company incurs in a typical month are presented below: Cost Formula Costs Selling: Advertising ... Sales salaries and commissions Delivery of pianos to customers $700 per month $950 per month, plus 8% of sales $30 per piano sold EA rich