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Marwick's Pianos, Inc., purchases pianos from a large manufacturer for an average cost of $ 2 , 4 5 0 per unit and then sells
Marwick's Pianos, Inc., purchases pianos from a large manufacturer for an average cost of $ per unit and then sells to retail customers for an average price of $ each. The company's selling and administrative costs for a typical month are sented below:
tableCostsCost FormulaSelling:Advertising$ per monthSales salaries and commissions,$ per month, plus of salesDelivery of pianos to customers,$ per piano soldUtilities$ per monthDepreciation of sales facilities,$ per monthAdministrative:$ per monthExecutive salaries,$ per monthInsurance$ per month, plus $ per piano soldClerical$ per monthDepreciation of office equipment,
uring August, Marwick's Pianos, Inc., sold and delivered pianos.
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Problem
Marwick's Pianos, Inc.
Traditional Income Statement
For the Month of August
Sales pianos $ per piano
$
Cost of goods sold
pianos $ per piano
Gross margin
Selling and administrative expenses:
Selling expenses:
Advertising
table$
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