Question

The Robinson Company sells sports decals that can be personalized with a player's name, team name, and jersey number for $5 each. Robinson buys the decals from a supplier for $1.50 each and spends an additional $0.50 in variable operating costs per decal. The results of last month's operations are as follows:
Sales revenue.............. $10,000
Cost of goods sold........... 3,000
Gross profit.............. 7,000
Operating costs............. 2,500
Operating income............ $ 4,500

Required
Prepare a contribution format income statement for the Robinson Company.



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  • CreatedFebruary 21, 2014
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