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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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