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Pamela's Quilt Shoppe sells homemade Amish quilts. Pamela buys the quilts from local Amish artisans for $230 each, and her shop sells them for $430

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Pamela's Quilt Shoppe sells homemade Amish quilts. Pamela buys the quilts from local Amish artisans for $230 each, and her shop sells them for $430 each. She also pays a sales commission of 8% of sales revenue to her sales staff. Pamela leases her country-style shop for $1,600 per month and pays $1,500 per month in payroll costs in addition to the sales commissions. Pamela sold 95 quilts in February. Prepare Pamela's traditional income statement and contribution margin income statement for the month est Prepare the traditional income statement for the month. Pamela's Quilt Shoppe Income Statement For the Month Ended February 28 Less: Less: Choose from any list or enter any number in the input fields and then continue to the next question This course (ACCT 101.08 520) is based on Braun Managerial Accounting, 5e This lest: 40 pts possib Pamela's Quilt Shoppe sells homemade Amish quilts. Pamela buys the quilts from local Amish artisans for $230 each, and her shop sells them for $430 each. She also pays a sales commission of 8% of sales revenue to her sales staff. Pamela leases her country-style shop for $1,600 per month and pays $1,500 per month in payroll costs in addition to the sales commissions. Pamela sold 95 quilts in February. Prepare Pamela's traditional income statement and contribution margin income statement for the month. t Pamela's Quilt Shoppe Contribution Margin Income Statement For the Month Ended February 28 Less: Less: Choose from any list or enter any number in the input fields and then continue to the next question. This course (ACCT 101.08 520) is based on Braun: Managerial Accounting, 5e

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