Question
Schrute Farm Sales buys portable generators for $460 and sells them for $770 He pays a sales commission of 5% of sales revenue to
Schrute Farm Sales buys portable generators for $460 and sells them for $770 He pays a sales commission of 5% of sales revenue to his sales staff. Mr. Schrute pays $2,000 a month rent for his store, and also pays $1,800 a month to his staff in addition to the commissions. Mr. Schrute sold 600 generators in June. If Mr. Schrute prepares a contribution margin income statement for the month of June, what would be his operating income?
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