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Please make the income statement as shown on the picture (Exact graph style) for increased understanding. Current Attempt in Progress Anthony Herrera recently fulfilled his
Please make the income statement as shown on the picture (Exact graph style) for increased understanding.
Current Attempt in Progress Anthony Herrera recently fulfilled his long-time dream of opening a gym that offers spinning exercise classes for $5.76 per person. To differentiate his gym and better serve his clients, Anthony provides a towel, a bottle of water, and an after-workout protein shake to each person participating in a class, at a cost of $2.59 per person. Anthony employs three part-time instructors and pays them each $1,144 per month. He also pays himself a monthly salary of $4.268. Anthony's other monthly costs are $1,560 for rent, $1,418 for depreciation on his 32 bikes, and $1,840 in utilities and insurance. (a) What is Anthony's contribution margin per unit? (Round answer to 2 decimal places, eg. 52.75.) Contribution margin $ 3.17 per unit (b) What is Anthony's contribution margin ratio? (Round answer to 2 decimal places, eg. 52.75.) Contribution margin ratio 55.03 (c) Prepare Anthony's monthly contribution format income statement. Assume that he teaches 5,018 clients. (Round per unit values to 2 decimal places, eg. 52.75 and all other answers to decimal places, eg. 5,275.) Sales Revenue Variable Expenses Contribution Marein Fixed Expenses Instructor Salaries Expense Rent Expense $ Depreciation Expense Utilities & Insurance Expense Operating Income > $Step by Step Solution
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