raded Assignment Question 5 of 5 Sales revenue J Oriole, Ltd. is a local coat retailer. The store's accountant prepared the following income statement for the month ended January 31: Cost of goods sold Gross margin Operating expenses Selling expense

Question 5 of 5 J Oriole, Ltd. is a local coat retailer. The store's accountant prepared the following income statement for the month ended January 31 : Oriole sells its coats for $250 each. Selling expenses consist of fixed costs plus a commission of $6.50 per coat. Administrative expenses consist of fixed costs plus a variable component equal to 5% of sales. (a) Prepare a contribution format income statement for January. (Round per unit cost to 2 decimal ploces, e. 8.52 .75 and all other answers to 0 decimal ploces.e. 5.275)