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Marwick's Pianos, Inc., purchases pianos from a large manufacturer and sells them at the retail level. The pianos cost, on the average, $2,000 each from
Marwick's Pianos, Inc., purchases pianos from a large manufacturer and sells them at the retail level. The pianos cost, on the average, $2,000 each from the manufacturer. Marwick's Pianos, Inc., sells the pianos to its customers at an average price of $1,482 each. The selling and administrative costs that the company incurs in a typical month are presented below: During August, Marwick's Pianos, Inc., sold and delivered 59 pianos. Required: 1. Prepare an income statement for Marwick's Pianos, Inc., for August. Use the traditional format, with costs organized by function.Prepare an income statement or Marwick's Pianos, Inc., for August, this t contribution format, with costs organized by behavior. Show costs and revenues and a per unit basis down through contribution margin
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