Sheridan Window Cleaners' monthly income statement at several levels of activity is as follows: Windows washed...

 

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Sheridan Window Cleaners' monthly income statement at several levels of activity is as follows: Windows washed 2,500 4,300 9,800 Sales revenue $ 3,900 $ 6,708 $ 15,288 Cost of goods sold 1,300 2,236 5,096 Gross profit 2,600 4,472 10,192 Operating expenses Advertising expense 400 400 400 Salaries and wages expense 750 930 1,480 Insurance expense 200 200 200 Postage expense 400 688 1,568 Total operating expense 1,750 2,218 3,648 Operating income $ 850 $ 2,254 $ 6,544 (b) Prepare a contribution margin income statement based on a volume of 5,000 windows. (Round unit cost to 2 decimal places, e.g. 52.75 and all other answers to 0 decimal places, e.g. 5,275.) 5,000 windows Per Unit Sales Revenue Variable Expenses Cost of Goods Sold Postage Expense Salaries Expense Total Variable Expenses Contribution Margin Fixed Expenses Advertising Expense 400 Insurance Expense Salaries Expense Total Fixed Expenses 1100 Operating Income %24 Sheridan Window Cleaners' monthly income statement at several levels of activity is as follows: Windows washed 2,500 4,300 9,800 Sales revenue $ 3,900 $ 6,708 $ 15,288 Cost of goods sold 1,300 2,236 5,096 Gross profit 2,600 4,472 10,192 Operating expenses Advertising expense 400 400 400 Salaries and wages expense 750 930 1,480 Insurance expense 200 200 200 Postage expense 400 688 1,568 Total operating expense 1,750 2,218 3,648 Operating income $ 850 $ 2,254 $ 6,544 (b) Prepare a contribution margin income statement based on a volume of 5,000 windows. (Round unit cost to 2 decimal places, e.g. 52.75 and all other answers to 0 decimal places, e.g. 5,275.) 5,000 windows Per Unit Sales Revenue Variable Expenses Cost of Goods Sold Postage Expense Salaries Expense Total Variable Expenses Contribution Margin Fixed Expenses Advertising Expense 400 Insurance Expense Salaries Expense Total Fixed Expenses 1100 Operating Income %24

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5000 windows Per unit Sales revenue 7800 156 39002500 Variable expens... View the full answer