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I. Cost Behavior and Estimation (HP 6) The owners of Mormont Co., Jorah and Lyanna, are expecting sales for August, 2019 to be 250,000

 

I. Cost Behavior and Estimation (HP 6) The owners of Mormont Co., Jorah and Lyanna, are expecting sales for August, 2019 to be 250,000 units. Information about Mormont's Sales and costs over the past three months, are as follows: May O June July Units Sold Sales 200,000 300,000 500,000 $3,450,000 $5,175,000 $8,625,000 Cost of Goods Sold $1,575,000 $2,312,500 $3,787,500 Wage & Salary Expense $950,000 $975,000 $1,925,000 Admin Expense $1,300,000 $1,600,000 $2,500,000 Required: Based on the information provided, provide a projected income statement, using the contribution margin format.

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