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

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Patsy's Quilt Shoppe sells homemade quilts. Patsy buys the quilts from local artisans for $230 each, and her shop them for $430 each. She also pays a sales commission of 4% of sales revenue to her sales staff. Patsy leases her country for $800 per month and pays $1, 400 per month in payroll costs in addition to the sales commissions. Patsy sold 80 quilts in Prepare patsy's traditional income statement and contribution margin income statement for the month

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