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Hollywood Beauty manufactures and sells a face cream to small specialty stores in the greater Los Angeles area. It presents the monthly operating income

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Hollywood Beauty manufactures and sells a face cream to small specialty stores in the greater Los Angeles area. It presents the monthly operating income statement shown here to George Tomes, a potential investor in the business. Help Mr. Tomes understand Hollywood Beauty's cost structure. (Click the icon to view the operating income statement.) Read the requirements. Requirement 1. Recast the income statement to emphasize contribution margin. Hollywood Cosmetics Operating Income Statement, June 2020 Data Table Hollywood Beauty Operating Income Statement, June 2020 Units sold Revenues 10,000 $ 120,000 Cost of goods sold Variable manufacturing costs $ 55,000 Fixed manufacturing costs 19,920 74,920 Total Gross margin 45,080 Operating costs Variable marketing costs $ 17,000 18,000 Fixed marketing and administrative costs Total operating costs 35,000 $ 10,080 Operating income Choose from any list or enter any number in the input fields and then click Check Answer.

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