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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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