Question: Exercise 2A-10 Using the information below, prepare a contribution margin income statement in good format for Bella Products for the year ended December 31, 20XX.
Exercise 2A-10 Using the information below, prepare a contribution margin income statement in good format for Bella Products for the year ended December 31, 20XX. . Sales volume for the year was 10,000 units. Item Cost administrative salaries $80,000 advertising $20,000 cost of goods sold $52/unit depreciation $15,000 insurance $4,000 sales $80/unit sales commission 5% of sales shipping expense to customers $5/unit utilities $9,000 Bella Products Contribution Margin Income Statement For year ended December 31, 20XX Quantity per Unit Total Cost Total Sales Variable Costs Total variable costs Contribution Margin Fixed Costs Total fixed costs Operating Income
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