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Milden Company is a merchandiser that plans to sell 4 1 , 0 0 0 units during the next quarter at a selling price of
Milden Company is a merchandiser that plans to sell units during the next quarter at a selling price of $ per unit. The company also gathered the following cost estimates for the next quarter:
Cost Cost Formula
Cost of goods sold $ per unit sold
Advertising expense $ per quarter
Sales commissions of sales
Shipping expense $ per quarter $ per unit sold
Administrative salaries $ per quarter
Insurance expense $ per quarter
Depreciation expense $ per quarter
Required:
Prepare a contribution format income statement for the next quarter.
Prepare a traditional format income statement for the next quarter.
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