Calibri Paste BIV- A Cells Clipboard Alignment Number Conditional Format as Cell Formatting Table Styles Styles Font A1 Jay Corporation has decided to prepare contribution Income statements for A D E F G . 15 16 17 Prepare a contribution margin income statement for Quarter 1 of Year 3 18 19 Jay Corporation Budgeted Income Statement For Year 3, Quarter 1 20 + 25 ariable expenses 24 Cost of goods sold 25 Sales commissions 26 btal variable expenses 27 Contribution martin 28 xed expenses Adminstrative salaries 30 Rent expense Depreciation expense 32 otal xed expenses 33 let operating income 35 36 37 Sheet1 READY 100 Attempt 7 FILE Cost Behavior, Operating Leverage and profitability Analysis - Excel PAGE LAYOUT FORMULAS DATA REVIEW VIEW HOME INSERT Sign In Calibri 11 En A A Paste BIU % Alignment Number Conditional Format a: Cell Formatting Table Styles Styles Cells Clipboard Font A1 Jay Corporation has decided to prepare contribution income statements for 2 3 c. D E G Jay Corporation has decided to prepare contribution Income statements for internal planning, Budgeted information for Quarter 1 of Year 3: Sales in units Sales price per unit $ 5 6 17,000 49.00 7 After analyzing expenses, the company has determined the following cost patterns 3 Cost of Goods Sold (per unit $ 29 00 9 Sales Commissions per dollar of a 9.500 23 Administrative Salaries per quarter Rent Expense (per quarter) 13 Depreciation Expense per quarter 5 $ $ 45.000.00 27 000 00 36.000 h 19 26 1. Prepare a contribution margin income statement for Quot+to+ Ya ay Corporaron Budete comment For You Sales