1. Prepare a traditional income statement. 2. Prepare a contribution format income statement. Number of units...

  

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1. Prepare a traditional income statement. 2. Prepare a contribution format income statement. 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 12,000 $15 $1 $3 $ 19,000 $ 14,000 $ 12,000 $ 23,000 $ 86,000 1. Prepare a traditional income statement. 2. Prepare a contribution format income statement. 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 12,000 $15 $1 $3 $ 19,000 $ 14,000 $ 12,000 $ 23,000 $ 86,000

Answer rating: 100% (QA)

Traditional Income Statement Units sold 12000 Selling price per unit 15 Sales Revenue 180000 12000 u... View the full answer