Marwick's Pianos, Incorporated, purchases pianos from a large manufacturer for an average cost of $$1,510$ per unit and then sells

them to retail customers for an average price of $$2,400$ each. The company's selling and administrative costs for a typical month

are presented below:

During August, Marwick's Pianos, Incorporated, sold and delivered $56$ pianos.

Required:

Prepare a traditional format income statement for August.

Prepare a contribution format income statement for August. Show costs and revenues on both a total and a per unit basis

down through contribution margin.

Complete this question by entering your answers in the tabs below.

Prepare a contribution format income statement for August. Show costs and revenues on both a total and a per unit basis

down through contribution margin. $($A "Net operating loss" should be entered as a negative number.$)$

Marwick's Pianos. Incorborated