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Simply Sweets has provided the following relating to the most recent month (August 31, 2016) of operations, for their main product, cookies. The company sold
Simply Sweets has provided the following relating to the most recent month (August 31, 2016) of operations, for their main product, cookies. The company sold 20,000 cookies.
Total | |
Sales | 40,000 |
Cost of Goods Sold | 16,000 |
Fixed Selling Costs | 2,000 |
Fixed Administrative Costs | 5,000 |
Variable Selling Costs | 10% of sales |
Variable Administrative Costs | 2,000 |
Prepare a contribution margin income statement in good format. Include per unit and percentage columns where applicable.
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