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Sales $ 882,000 Selling price per pair of skis $ 420 Variable selling expense per pair of skis $ 48 Variable administrative expense per pair
Sales | $ 882,000 |
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Selling price per pair of skis | $ 420 |
Variable selling expense per pair of skis | $ 48 |
Variable administrative expense per pair of skis | $ 20 |
Total fixed selling expense | $ 135,000 |
Total fixed administrative expense | $ 130,000 |
Beginning merchandise inventory | $ 75,000 |
Ending merchandise inventory | $ 115,000 |
Merchandise purchases | $ 280,000 |
Prepare a contribution format income statement for the quarter ended March 31.
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