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Fenn Company plans to sell 12,000 units during the next quarter at a sales price of $100 per unit. In addition, they have projected
Fenn Company plans to sell 12,000 units during the next quarter at a sales price of $100 per unit. In addition, they have projected the following costs for the next quarter: Cost of goods sold Advertising expense Sales commissions Shipping expense Administrative salaries Insurance expense Depreciation expense $ 35 per unit $210,000 per quarter 6% of sales $ 28,000 per quarter + $9.10 per unit sold $145,000 per quarter $ 9,000 per quarter $76,000 per quarter Complete a contribution format income statement below, using the information above. (TIP: do the costs change with level of activity? Are they variable or fixed?)
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