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Question 2 View Policies Current Attempt in Progress Restate the following income statement for a retailer in contribution format. $ 94,000 58,280 35,720 Sales revenue
Question 2 View Policies Current Attempt in Progress Restate the following income statement for a retailer in contribution format. $ 94,000 58,280 35,720 Sales revenue ($100 per unit) Less cost of goods sold ($62 per unit) Gross margin Less operating costs: Commissions expense ($7 per unit) $6,580 Salaries expense 7,800 Advertising expense 5,900 Shipping expense ($1 per unit) 940 Operating income 21,220 $ 14,500 Per Unit Touthookand Modis
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