Cherokee Incorporated is a merchandiser that provided the following information: Number of units sold Selling price per unit Variable selling expense per unit variable administrative expense per unit Total fixed selling expense Total fixed administrative expense Beginning merchandise inventory Ending merchandise inventory Merchandise purchases Required: 1. Prepare a traditional income statement. 2. Prepare a contribution format income statement. Amount 12,000 $ 16 $2 $2 $ 21,000 $ 14,000 $10,000 $ 24,000 $80.000

Cherokee Incorporated is a merchandiser that provided the following information: Number of units sold Selling price per unit Variable selling expense per unit variable administrative expense per unit Total fixed selling expense Total fixed administrative expense Beginning merchandise inventory Ending merchandise inventory Merchandise purchases Required: 1. Prepare a traditional income statement. 2. Prepare a contribution format income statement. Amount 12,000 $ 16 $2 $2 $ 21,000 $ 14,000 $10,000 $ 24,000 $80.000

Name: need correct answer for both parts pare a GVIDUTION FUIT HoveCHL2. Pre
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Description: need correct answer for both parts pare a GVIDUTION FUIT HoveCHL2. Prepare a contribution format income statement.Complete this question by entering your answers in the tabs below.Required 1 Required 2Prepare a traditional income statement.Cherokee,

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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