Cost Milden Company is a merchandiser that plans to sell 35,000 units during the next quarter at a selling price of $56 per unit. The company also gathered the following cost estimates for the next quarter. Cost Formula Cost of good sold $26 per unit sold Advertising expense $183,000 per quarter Sales commissions 6% of sales Shipping expense $57,000 per quarter + $4.00 per unit sold Administrative salaries $93, eee per quarter Insurance expense $10,300 per quarter Depreciation expense $63,000 per quarter es Milden Company Contribution Format Income Statement For the Next Quarter Variable expenses: Total variable expenses Contribution margin Fixed expenses Total fixed expenses Milden Company Traditional Format Income Statement For the Next Quarter Selling and administrative expenses: Total selling and administrative expenses