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Whitman Corporation, a merchandising company, reported sales of 10,100 units for May at a selling price of $774 per unit. The cost of goods sold
Whitman Corporation, a merchandising company, reported sales of 10,100 units for May at a selling price of $774 per unit. The cost of goods sold (all variable) was $482 per unit and the variable selling expense was $55 per unit. The total fixed selling expense was $159,300. The variable administrative expense was $33 per unit and the total fixed administrative expense was $378,400 Required: a. Prepare a contribution format income statement for May. (Input all amounts as positive values. Omit the "$" sign in your response.) Whitman Corporation Income Statement (Click to select) Variable expenses: (Click to select) (Click to select) (Click to select) $ (Click to select) Fixed expenses: (Click to select) (Click to select) (Click to select) b. Prepare a traditional format income statement for May. (Input all amounts as positive values. Omit the "$" sign in your response.) Whitman Corporation Income Statement (Click to select) |(Click to select) (Click to select) Operating expenses: (Click to select) (Click to select) $ (Click to select) A t t
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