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Restate the following income statement for a retailer in contribution format. Sales revenue ($100 per unit) $ 75,000 Less cost of goods sold ($56 per
Restate the following income statement for a retailer in contribution format. Sales revenue ($100 per unit) $ 75,000 Less cost of goods sold ($56 per unit) 42,000 Gross margin 33,000 Less operating costs: Commissions expense ($5 perunit) $ 3,750 Salaries expense 7,900 Advertising expense 5,800 Shipping expense ($2 per unit) 1,500 18,950 Operating income $ 14,050 : $ $ 3 $ 4b 4b 4b 4) H} Total Fixed Expenses Salaries Expenses Cost of Goods Sold Contribution Margin Commissions Expenses Shipping Expenses Fixed Expenses Sales Revenue Advertising Expenses db db db db db db db db db db db Attempts: 0 of 3 used
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