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not sure how to find the shipping expense Prepare a contribution format income statement for Quarter 1 of Year 3. Jay Corporation Budgeted Contribution Format

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Prepare a contribution format income statement for Quarter 1 of Year 3. Jay Corporation Budgeted Contribution Format Income Statement For Year 3, Quarter 1 Sales Variable expenses: Cost of goods sold Sales commissions Shipping expense Total variable expenses Contribution margin Fixed expenses: Administrative salaries Kent expense Shipping expense Depreciation expense Total fixed expenses Net operating income Prepare a contribution format income statement for Quarter 1 of Year 3. Jay Corporation Budgeted Contribution Format Income Statement For Year 3, Quarter 1 Sales Variable expenses: Cost of goods sold Sales commissions Shipping expense Total variable expenses Contribution margin Fixed expenses: Administrative salaries Kent expense Shipping expense Depreciation expense Total fixed expenses Net operating income

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