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The Carpenter Company sells sports decals that can be personalized with a player's name, team name, and jersey number for $16 each. Carpenter buys
The Carpenter Company sells sports decals that can be personalized with a player's name, team name, and jersey number for $16 each. Carpenter buys the decals from a supplier for $9 each and spends an additional $3 in variable operating costs per decal. The results of last month's operations are as follows: Sales revenue Cost of goods sold $ 35,200 19,800 Gross profit 15,400 Operating expense 8,700 Operating income $ 6,700 Prepare a contribution format income statement for the Carpenter Company. Sales Revenue Variable Expenses Cost of Goods Sold 19800 i Total Variable Expenses 6600 i Contribution Margin A A Per Unit 35200 26400 8800 Contribution Margin Fixed Operating Expenses Operating Income $ 6700 8800 $ 2100
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