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TB Problem Qu . 1 - 2 5 6 ( Algo ) Fanelli Corporation, a merchandising... Fanelli Corporation, a merchandising company, reported the following results
TB Problem QuAlgo Fanelli Corporation, a merchandising...
Fanelli Corporation, a merchandising company, reported the following results for July:
Number of units sold
Selling price per unit
Unit cost of goods sold
Variable selling expense per unit
Total fixed selling expense
Variable administrative expense per unit
Total fixed administrative expense
$
$
$
$
$
$
Cost of goods sold is a variable cost in this company.
Required:
a Prepare a traditional format income statement for July.
b Prepare a contribution format income statement for July.
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Required B
Prepare a traditional format income statement for July.
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