Marwick's Pianos, Inc. Traditional Income Statement For the Month of August : . . Sales ( pianos $ per piano).. Cost of goods sold pianos x $ per piano). Gross margin .... Selling and administrative expenses: Selling expenses: Advertising..... Sales salaries and commissions $ +0 % X $ Delivery of pianos ( pianos x $ per piano).. Utilities ... Depreciation of sales facilities........... Total selling expenses. Administrative expenses: Executive salaries ........ Insurance Clerical [$ + ( pianos x $ per piano)].. Depreciation of office equipment. Total administrative expenses ......... Total selling and administrative expenses.. Net operating income ....... / Marwick's Pianos, Inc. Contribution Format Income Statement For the Month of August Per Total Piano Sales pianos x $ per piano. Variable expenses: Cost of goods sold pianos x $ per piano) Sales commissions ( % x $ ......... Delivery of pianos pianos x $ per piano). Clerical ( pianos x $_per piano)......... Total variable expenses .......... Contribution margin .......................................... Fixed expenses: Advertising ......................................... Sales salaries........................................... Utilities............................................................ Depreciation of sales facilities ......................... Executive salaries...................... Insurance.................. . Clerical.............................. ...... Depreciation of office equipment..... Total fixed expenses ....................... Net operating income ..... Marwick's Pianos, Inc. Traditional Income Statement For the Month of August : . . Sales ( pianos $ per piano).. Cost of goods sold pianos x $ per piano). Gross margin .... Selling and administrative expenses: Selling expenses: Advertising..... Sales salaries and commissions $ +0 % X $ Delivery of pianos ( pianos x $ per piano).. Utilities ... Depreciation of sales facilities........... Total selling expenses. Administrative expenses: Executive salaries ........ Insurance Clerical [$ + ( pianos x $ per piano)].. Depreciation of office equipment. Total administrative expenses ......... Total selling and administrative expenses.. Net operating income ....... / Marwick's Pianos, Inc. Contribution Format Income Statement For the Month of August Per Total Piano Sales pianos x $ per piano. Variable expenses: Cost of goods sold pianos x $ per piano) Sales commissions ( % x $ ......... Delivery of pianos pianos x $ per piano). Clerical ( pianos x $_per piano)......... Total variable expenses .......... Contribution margin .......................................... Fixed expenses: Advertising ......................................... Sales salaries........................................... Utilities............................................................ Depreciation of sales facilities ......................... Executive salaries...................... Insurance.................. . Clerical.............................. ...... Depreciation of office equipment..... Total fixed expenses ....................... Net operating income
