Question
Restate the following income statement in contribution margin format (Round answers to 2 decimal places, eg 15.25 or 15.25%) Sales ($58 per unit) $7,772.00
Restate the following income statement in contribution margin format (Round answers to 2 decimal places, eg 15.25 or 15.25%) Sales ($58 per unit) $7,772.00 Less cost of goods sold ($34 per unit) 4,556.00 Gross margin 3,216.00 Lass operating expenses Salaries Advertising Shipping ($1.48 per unit) Operating income $830.00 427.00 190.32 1,455.32 $1,760.60
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Managerial Accounting
Authors: Charles E. Davis, Elizabeth Davis
2nd edition
1118548639, 9781118800713, 1118338448, 9781118548639, 1118800710, 978-1118338445
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