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i need the four blanks for the far left colum, the ones that have the zeros next to them For the Next Quarter Sales |
i need the four blanks for the far left colum, the ones that have the zeros next to them
For the Next Quarter Sales | $ 1,947,000 Variable expenses: $ Cost of goods sold Sales commission Shipping expense 957,000 116,820 198,000 I 1,271,820 675,180 | $ Total variable expenses Contribution margin Fixed expenses: Administrative salaries Advertising expense Shipping expense Depreciation expense Insurance expense 89,000 179,000 19,000 59,000 9,900 Total fixed expenses 355,900 319,280 Net operating income $ Milden Company is a merchandiser that plans to sell 33,000 units during the next quarter at a selling price of $59 per unit. The company also gathered the following cost estimates for the next quarter: Cost Cost of good sold Advertising expense Sales commissions Shipping expense Administrative salaries Insurance expense Depreciation expense Cost Formula $29 per unit sold $179,000 per quarter 6% of sales $19,000 per quarter + $6.00 per unit sold $89,000 per quarter $9,900 per quarter $59,000 per quarter Required: 1. Prepare a contribution format income statement for the next quarter. 2. Prepare a traditional format income statement for the next quarterStep by Step Solution
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