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Ir the big wobec bech through a network of redirectcom .00 bis wil-CONTRIBUTION FORMAT INCOME STATEMENT (15 MARKS come statement for The Surf Shop for
Ir the big wobec bech through a network of redirectcom .00 bis wil-CONTRIBUTION FORMAT INCOME STATEMENT (15 MARKS come statement for The Surf Shop for the month of June 30, 2018, in which they sold 2.000 uw is the incomes urf boards 200 The Surf Shop Income Statement For the month ending June 30, 2018 425 80 50,000 $ Units 2000 Total Cost Cost/Unlt 850,000 $ Variable Costs: Cost of Goods Sold $ 350,000 $ 175 Selling 160.000 $ Administrative Total Variable costs $ 560.000 $ Contribution Margin S 290,000 $ 145 Fixed Costs: Selling 80,000 Administrative 120,000 Total Fixed Costs S 200,000 90,000 Operating Income Required: complete the income statement for the month of July 31, 2018. In this month they sold 2.300 uur boards (ie.complete all the blanks with the dollar ($) sign). (15 marks) The Surf Shop Income Statement For the month ending July 31, 2018 Units = 2300 Total Cost Cost/Unit Sales Variable Costs: Cost of Goods Sold Selling Administrative Total Variable Costs Contribution Margin Fixed Costs: Selling Administrative Total Fixed Costs Operating Income $ $ $ $ ACCT1117 Winter 2020 Assignment #2 Page 3 of 3
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