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DON sale corporation a merchandising company reported total sales of $4530200 for may the cost of goods sold (all variable) was $1318300 the total variable
DON sale corporation a merchandising company reported total sales of $4530200 for may the cost of goods sold (all variable) was $1318300 the total variable selling expense was $120200 the total fixed selling expense was 67700 the total variable administrative expense was $121900 and the total fixed administrative expense was $ 122400.
Required:
a. prepare a traditional income statement for the month of may.
b. prepare a contribution income statement for the month of may
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