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Fanelli Corporation, a merchandising company, reported the following results for July: Number of units sold Selling price per unit Unit cost of goods sold Variable
Fanelli Corporation, a merchandising company, reported the following results for July:
Number of units sold
Selling price per unit
Unit cost of goods sold
Variable selling expense per unit
Total fixed selling expense
Variable administrative expense per unit
Total fixed administrative expense
$
$
$
$
$
$
Cost of goods sold is a variable cost in this company.
Required:
a Prepare a traditional format income statement for July.
b Prepare a contribution format income statement for July.
Complete this question by entering your answers in the tabs below.
Required
Required B
Prepare a contribution format income statement for July.
Fanelli Corporation
For the month of July
Contribution Format Income Statement
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