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please fill in all boxes for thumbs up Coronado, Ltd. is a local coat retailer. The store's accountant prepared the following income statement for the
please fill in all boxes for thumbs up
Coronado, Ltd. is a local coat retailer. The store's accountant prepared the following income statement for the month ended January 31: Sales revenue $ 1.440,000 320,000 1,120,000 Cost of goods sold Gross margin Operating expenses Selling expense Administrative expense Net operating income $ 43,000 70,000 113,000 $ 1,007,000 Coronado sells its coats for $450 each. Selling expenses consist of fixed costs plos a commission of $6.70 per coat. Administrative expenses consist of fixed costs plus a variable component equal to 4.50% of sales. Prepare a contribution format income staternent for January. (Round per unit cost to 2 decimal places, es 52.75 and all other answers to decimal places, eg. 5,275.) Per Unit $ Contribution Margin Variable Expenses Administrative Expense Total Foued Expenses Operating Income Fixed Expenses Cost of Goods Sold Total Variable Expenses Sales Revenue Selline Expense Step by Step Solution
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