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WOULD YOU FILL OUT ALL OF THESE MISSING PARTS WITH THE WORDS THAT IN THE BOX AND SOLVE THE QUESTION Data Table Special Seals Traditional
WOULD YOU FILL OUT ALL OF THESE MISSING PARTS WITH THE WORDS THAT IN THE BOX AND SOLVE THE QUESTION
Data Table Special Seals Traditional Income Statement (Absorption Costing) For the Year Ended December 31 Sales revenue Less: Cost of goods sold Gross proft Less operating expenses $ 1,011,000 672,000 $ 339,000 $65,000 59,500 18,800 Website maintenance expenses Other operating expenses 143.300 $ 195,700 Operating income Print Done E6-36A (similar to) Question Help Special Seals is a specialty pet gift shop selling exotic pet-related items online. The shop has no physical location. Results for last year are shown next E Clck the icon to view the results.) For internal planning and decision-making purposes, the owner of Special Seals would like to translate the company's income statement into the contribution margin format Since Special Seals is online only, all of its cost of goods sold is variable. A arge portion o the selling and marketing expenses consists o eight out charges $20 80 ), which were also va a e. On y 20% o the ema ni g se ng and marketing expenses and 25% o the website expenses were vana the ot er operating expenses 90% were fixed. Based on tis information, prepare Special ea contr bution margin income statement or ast year. e Of Special Seals Contribution Margin Income Statement For the Year Ended December 31 Less Less For interr variable the other Contribution margin ate owner of Specia penses consists n this information Cost of goods sold Fixed expenses Fixed selling and marketing expenses Fixed website maintenance expenses Operating income Other fixed operating expenses Other variable operating expenses Sales revenue Total fixed expenses Total variable expenses Variable expenses Variable selling and marketing expenses Variable website maintenance expenses Less: LessStep by Step Solution
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