Question: A B D E 2 Jay Corporation has decided to prepare contribution income statements for internal planning. 3 4 Budgeted information for Quarter 1

A B D E 2 Jay Corporation has decided to prepare contribution income statements for internal planning. 3 4 Budgeted information for Quarter 1

A B D E 2 Jay Corporation has decided to prepare contribution income statements for internal planning. 3 4 Budgeted information for Quarter 1 of 2024: 5 Sales in units 6 Sales price per unit 17,000 $48.00 7 8 After analyzing expenses, the company has determined the following cost patterns. 9 Cost of Goods Sold (per unit) 10 Sales Commissions (per dollar of sales) 11 Administrative Salaries (per quarter) 12 Rent Expense (per quarter) 13 Depreciation Expense (per quarter) $29.00 9.50% $45,000 $27,000 $36,000 14 15 Shipping has been determined to be a mixed cost with the following total costs and units: 39 Variable shipping cost per unit 44 Total fixed shipping cost $3.30 $25,750 45 Use the data to answer the following. 46 Prepare a contribution margin income statement for Quarter 1 of 2024. 47

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