High$-$Low Method

Contribution Form Income Statement

Turquoise Company

Income Statements

For the three months ended October $31,202$X

Sales in units

Sales

Cost of goods sold

Gross margin

Operating expenses:

Advertising

Depreciation

Rent

Salaries and commissions

Utilities

Total operating expenses

Net income

$\backslash$table$[[,\backslash$table$[[$August$],[10,000]],\backslash$table$[[$September$],[15,000]],\backslash$table$[[$October$],[12,000]],],[$$$500,000,$$$,750,000,$$$,600,000],[200,000,,300,000,240,000,],[$$$300,000,$$$,450,000,$$$,360,000],[,8,000,$$$,8,000,$$