Chapter 1 Problems - Homework A Saved Help Save & Exit Submit Check my work 3 Milden Company is a merchandiser that plans to sell 37,000 units during the next quarter at a selling price of $61 per unit. The company also gathered the following cost estimates for the next quarter: 10 points Cost Cost of good sold Advertising expense Sales commissions Shipping expense Administrative salaries Insurance expense Depreciation expense Cost Formula $31 per unit sold $181,000 per quarter 68 of sales $63,000 per quarter + $4.00 per unit sold $91,000 per quarter $10,100 per quarter $61,000 per quarter eBook Print Required: 1. Prepare a contribution format income statement for the next quarter. 2. Prepare a traditional format income statement for the next quarter. References Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a contribution format income statement for the next quarter. Mildon Company Contribution Format Income Statement For the Next Quarter Variable expenses Cost of goods sold Advertising expense | Graw Hill Mc Graw Hill Prev 3 of 3 Next > Chapter 1 Problems - Homework A Saved Help Save & Exit Submit Check my work 3 . 1. Prepare a contribution format income statement for the next quarter. 2. Prepare a traditional format income statement for the next quarter. Complete this question by entering your answers in the tabs below. 10 points Required 1 Required 2 eBook Prepare a traditional format income statement for the next quarter. Print Milden Company Traditional Format Income Statement For the Next Quarter References Selling and administrative expenses: Total selling and administrative expenses 0