Hello, I need help checking my answers. Here is the attached assignment viewed as a PDF and opened in Excel. Please type/write any of your answers that are on the rightmost side of your answer sheet underneath on the left side or some how because I am unable to view it on the right side because it gets cut off and I am unable to view the right side of the answer page in Chegg. Please make the answers on the right edge viewable for me on here, thanks! :)

Note: Please put your answers only in the section below the Bold Red sentence at the end of the Required section below. Last month, Raneer Company sold its product for S70 per unit. Fixed production costs were $30,000, and variable production costs mounted to $15.00 per unit Fixed selling and administrative costs totaled $19,000, and variable selling and administrative costs amount to $5.00 per unit. Rancer produced and sold 5,400 units last month Reywired: A. Prepare a traditional income statement down to Operating loce) for Rancer Industries B. Prepare a contributie margin income statement down to Operating Income) for Raneer Industries. c. Why do companies use the contribution margin income statement format? Your answers to this open-ended assignment should be placed in the space below this line. A Traditional income Statement Sales Cost of goods sold Gross margin Selling and administrative costs Operating profil B Contributin Margin Income Statement Sales Variable costs Cost of goods sold Selling and is costs Total variable costs Contribution main Fixed Costs Cost of goods sold Selling and in costs Total fixed costs Operating profil Double click here to your res Note: Please put your answers only in the section below the Bold Red sentence at the end of the Required section below. 4 5 Last month, Raneer Company sold its product for $70 per unit. Fixed production costs were $30,000, and variable production costs amounted to $15.00 per unit. Fixed selling and administrative costs totaled $19,000, and variable selling and administrative costs amount to $5.00 per unit. Raneer produced and sold 5,400 units last month. 6 7 8 Required: A. Prepare a traditional income statement (down to 9 Operating Income) for Raneer Industries. 10 B. Prepare a contribution margin income statement (down 11 to Operating Income) for Raneer Industries. 12 C. Why do companies use the contribution margin income 13 statement format? 14 Your answers to this open-ended assignment should be placed in the space below this line. 15 16 B D F A E C. Why do companies use the contribution margin income 13 statement format? 14 Your answers to this open-ended assignment should be placed in the space below this line. 15 16 Traditional Income Statement 17 18 Sales 19 Cost of goods sold Gross margin 20 21 22 Selling and administrative costs 23 24 Operating profit 25 26 27 28 29 B Contribution Margin Income Statement 30 31 32 Sales Variable costs: Cost of goods sold Selling and admin costs Total variable costs Sheet1 Sheet2 Sheets 33 34 25 26 27 8 29 B 0 1 2 Contribution Margin Income Statement Sales Variable costs: Cost of goods sold Selling and admin costs Total variable costs Contribution margin 3 -4 5 -6 7 8 9 0 1 Fixed Costs: Cost of goods sold Selling and admin costs Total fixed costs Operating profit 2 3 4 5 Double click here to add your response. 5 7