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Restate the following income statement for a retailer in contribution format. Exercise 2-13 9/12/16, 14:47 Exercise 2-13 Restate the following income statement for a retailer
Restate the following income statement for a retailer in contribution format.
Exercise 2-13 9/12/16, 14:47 Exercise 2-13 Restate the following income statement for a retailer in contribution format. Sales revenue ($100 per unit) $ 82,000 Less cost of goods sold ($62 per unit) 50,840 Gross margin 31,160 Less operating costs: Commissions ($7 per unit) $ 5,740 Salaries expense 7,800 Advertising expense 5,800 Shipping expense ($3 per unit) 2,460 21,800 $ Operating income 9,360 Per Unit $ $ : $ $ : $ LINK TO TEXT LINK TO VIDEO Question Attempts: 0 of 15 used SAVE FOR LATER SUBMIT ANSWER https://edugen.wileyplus.com/edugen/shared/assignment/test/qview.u...28entrance1&selected_question=quest3490028&operation=take-question Page 1 of 2
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