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Please help Your answer is partially correct. Restate the following income statement for a retailer in contribution format $ 75,000 42,000 33,000 Sales revenue ($100
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Your answer is partially correct. Restate the following income statement for a retailer in contribution format $ 75,000 42,000 33,000 Sales revenue ($100 per unit) Less cost of goods sold ($56 per unit) Gross margin Less operating costs: Commissions expense ($5 per unit) $ 3,750 Salaries expense 7,900 5,800 Advertising expense Shipping expense ($2 per unit) 1,500 18.950 $ 14,050 Operating income Per Unit Sales Revenue 25000 Variable Expenses Cost of Goods Sold $ 42000 Commissions Expenses 3750 1500 DOTCO Shipping Expenses 47250 Total Variable Expenses 27750 Contribution Margin Total Fixed Expenses Salaries Expenses 7900 1 5800 Advertising Expenses 13700 Total Fixed Expenses 14050 Operating Income Step by Step Solution
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