Thalassines Kataskeves, S$.$A$.$

Income Statement$-$Bilge Pump

Sales

For the Quarter Ended March $31$

Variable expenses:

$$500,000$

Variable manufacturing expenses

Sales commissions

Shipping

Total variable expenses

Contribution margin

Fixed expenses:

Advertising $($for the bilge pump product line$)$

Depreciation of equipment $($no resale value$)$

General factory overhead

Salary of product$-$line manager

Insurance on inventories

Purchasing department

Total fixed expenses

$\backslash$table$[[\backslash$table$[[21,000],[105,000]],],[\backslash$table$[[37,{000}^{**}$