Current Attempt in Progress

Restate the following income statement for a retailer in contribution format.

Sales revenue ($100 per unit)				$	100,000
Less cost of goods sold ($60 per unit)					60,000
Gross margin					40,000
Less operating costs:
Commissions expense ($7 per unit)	$	7,000
Salaries expense		7,900
Advertising expense		6,000
Shipping expense ($1 per unit)		1,000			21,900
Operating income				$	18,100

Question 3 of 13 - 74 III Per Unit $ $ $ $ > $