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Question 3 of 13 View Policies Current Attempt in Progress Restate the following income statement for a retailer in contribution format $ 92,000 Sales revenue
Question 3 of 13 View Policies Current Attempt in Progress Restate the following income statement for a retailer in contribution format $ 92,000 Sales revenue ($ 100 per unit) Less cost of goods sold ($ 62 per unit) 57,040 Gross margin 34,960 Less operating costs: Commissions expense ($ 7 per unit) $ 6,440 7.900 Salaries expense Advertising expense 6,000 Shipping expense ($ 1 per unit) 920 21,260 Operating income $ 13,700 Per Unit Qu Vic Ac QL Ace : 29 . $ 03 . 02 o o : $ Question 3 of 13 $ Variable Expenses Advertising Expenses Operating Income Sales Revenue Total Fixed Expenses Total Variable Expenses Commissions Expenses Fixed Expenses Cost of Goods Sold Contribution Margin Salaries Expenses Shipping Expenses
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