Question
Wesleys contribution margin income statement is as follows: Sales (10,000 units) $150,000 Less variable COGS - 40,000 Less variable selling cost - 8,000 Contribution margin
Wesleys contribution margin income statement is as follows:
| Sales (10,000 units) | $150,000 |
| Less variable COGS | - 40,000 |
| Less variable selling cost | - 8,000 |
| Contribution margin | $102,000 |
| Less fixed COGS | - 18,000 |
| Less fixed selling cost | - 6,000 |
| Net income | $ 78,000 |
What GROSS MARGIN would appear on a TRADITIONAL income statement?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
The Internet Supply Chain Impact On Accounting And Logistics
Authors: D. Chorafas
5th Edition
0333949633, 9780333949634
