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Exercise 2-17 Erin Brushwood sells gourmet chocolate chip cookies. The results of her last month of operations are as follows: Sales revenue Cost of goods
Exercise 2-17 Erin Brushwood sells gourmet chocolate chip cookies. The results of her last month of operations are as follows: Sales revenue Cost of goods sold (all variable) Gross margin Selling expenses (20% variable) Administrative expenses (60% variable) Operating Income $ 46,471 23,770 22,701 7,786 11,920 $ 2,995 Prepare a contribution format income statement for Erin. (Round answers to o decimal places, e.g. 5,275.) LINK TO TEXT LINK TO VIDEO If Erin sells her cookies for $1.62 each, how many cookies did she sell during the month? (Round answer to the nearest whole number, e.g. 5,275.) Cookies sold in the month LINK TO TEXT LINK TO VIDEO What is the contribution margin per cookie? (Round unit costs to 2 decimal places, e.g. 52.75.)
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