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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 |
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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