Restate the following income statement for a retailer in contribution format. Sales revenue ($100 per unit) $ 91,000 Less cost of goods sold ($58 per unit) 52,780 Gross margin 38,220 Less operating costs: Commissions expense ($7 per unit) $ 6,370 Salaries expense 7,800 Advertising expense 5,900 Shipping expense ($2 per unit) 1,820 21,890 Operating income $ 16,330
Restate the following income statement for a retailer in contribution format. Sales revenue ($100 per unit) $ 91,000 Less cost of goods sold ($58 per unit) 52,780 Gross margin 38,220 Less operating costs: Commissions expense ($7 per unit) $ 6,370 Salaries expense 7,800 Advertising expense 5,900 Shipping expense ($2 per unit) 1,820 21,890 Operating income $ 16,330
Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter21: Variable Costing For Management
analysis
Section: Chapter Questions
Problem 4PB: Salespersons report and analysis Pachec Inc. employs seven salespersons to sell and distribute its...
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Restate the following income statement for a retailer in contribution format.
Sales revenue ($100 per unit) | $ | 91,000 | ||||
Less cost of goods sold ($58 per unit) |
|
52,780 | ||||
Gross margin | 38,220 | |||||
Less operating costs: | ||||||
Commissions expense ($7 per unit) | $ | 6,370 | ||||
Salaries expense | 7,800 | |||||
Advertising expense | 5,900 | |||||
Shipping expense ($2 per unit) |
|
1,820 |
|
21,890 | ||
Operating income | $ | 16,330 |
Per Unit
|
||||||
---|---|---|---|---|---|---|
select an income statement item
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$enter a dollar amount | $enter a dollar amount | ||||
select an opening name for section one :
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||||||
select an income statement item
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$enter a dollar amount | enter a dollar amount | ||||
select an income statement item
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enter a dollar amount | enter a dollar amount | ||||
select an income statement item
|
enter a dollar amount | enter a dollar amount | ||||
select a closing name for section one
|
enter a total amount for section one | enter a total amount for section one | ||||
select a summarizing line for the first part
|
enter a total amount for the first part | $enter a total amount for the first part | ||||
select an opening name for section two :
|
||||||
select an income statement item
|
enter a dollar amount | |||||
select an income statement item
|
enter a dollar amount | |||||
select a closing name for section two
|
enter a total amount for section two | |||||
select a closing name for this statement
|
$enter a total amount for this statement |
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