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K Corporation presented the following cost data for the month ending February 28, 2021. K Corporation Income Statement For the six month period ending
K Corporation presented the following cost data for the month ending February 28, 2021. K Corporation Income Statement For the six month period ending June 30, 2021 Description Total Revenue Cost of Goods Sold Gross Profit Amount $25,600,000 $16,600,000 $9,000,000 Selling, General and Administrative Expenses $6,500,000 Net Income $2,500,000 Additional Information: K Corporation produced and sold 125,000 units during the six-month period ending June 30, 2021. Fixed costs make up 30% of Cost of Goods Sold. $4.00 sales commission is paid on each unit. The rest of the Selling, General, and Administrative Expenses are fixed. Calculate unit contribution margin Calculate total contribution margin Calculate Net Income for the six month period ending June 30, 2021
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