Marwick's Pianos, Incorporated, purchases pianos from a large manufacturer for an average cost of $$1,511$ per unit and then sells them to retail customers for an average price of $$3,300$ each. The company's selling and administrative costs for a typical month are presented below:

$\backslash$table$[[$Costs$,$Cost Formula$],[$Selling:$,$$$930$ per month$],[$Advertising$,$$$4,813$ per month, plus $48$ of sales$],[$Sales salaries and commissions,$$62$ per piano sold$],[$Delivery of pianos to customers,$$641$ per month$],[$Utilities$,$$$4,929$ per month$],[$Depreciation of sales facilities,$],[$Administrative:$,$$$13,546$ per month$],[$Executive salaries,$$711$ per month$],[$Insurance$,$$$2,538$ per month, plus $$36$ per piano sold$],[$Clerical$,$$$884$ per month$],[$Depreciation of office equipment,$]]$

During August, Marwick's Pianos, Incorporated, sold and delivered $59$ 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.

Note: A "Net operating loss" should be entered as a negative number.

$\backslash$table$[[$Marwick$\text{'}$s Pianos, Incorporated$],[$Contribution Format Income Statement,,$],[$For the Month of August,,$],[$Sales$,$$$194,700,$$