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restate the following income statement for a retailer in contribution format. Sales revenue ($100 per unit) $ 66,000 Less cost of goods sold ($56 per

restate the following income statement for a retailer in contribution format.

Sales revenue ($100 per unit) $ 66,000
Less cost of goods sold ($56 per unit)

36,960
Gross margin 29,040
Less operating costs:
Commissions expense ($6 per unit) $ 3,960
Salaries expense 7,900
Advertising expense 5,800
Shipping expense ($3 per unit)

1,980

19,640
Operating income $ 9,400

image text in transcribed image text in transcribed

Per Unit $ $ $ $ $ Total Variable Expenses Contribution Margin Shipping Expenses Commissions Expenses Sales Revenue utes ago. Attempts: 0 of 3 used Submit Answer Advertising Expenses Total Fixed Expenses bn the due date. Auto- Cost of Goods Sold es. Salaries Expenses Operating Income Variable Expenses Fixed Expenses Total Variable Expenses Contribution Margin Shipping Expenses Commissions Expenses Sales Revenue Advertising Expenses Total Fixed Expenses Cost of Goods Sold utes Salaries Expenses Operating Income Variable Expenses nt es. Fixed Expenses

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