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Pam's Quilt Shoppe sells homemade Amish quilts. Pam buys the quilts from local Amish artisans for $240 each, and her shop sells them for $390

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Pam's Quilt Shoppe sells homemade Amish quilts. Pam buys the quilts from local Amish artisans for $240 each, and her shop sells them for $390 each $. a sales commission of 4% of sales revenue to her sales staff. Pam leases her country-style shop for $1,300 per month and pays $1,900 per month in payroil costs in. addition to the sales commissions. Pam sold 80 quilts in February. Prepare Pam's traditional income statement and contributicn margin income staternent far the month. rail' s wuII siluppe Contribution Margin Income Statement For the Month Ended February 28 Less: Less

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