Honey Corporation, a merchandising company, reported the following results for January: 5,800 Number of units sold....

 

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Honey Corporation, a merchandising company, reported the following results for January: 5,800 Number of units sold. Selling price per unit. Unit cost of goods sold. Variable selling expense per unit Total fixed selling expense. Variable administrative expense per unit... Total fixed administrative expense 5517 $31 $152,600 548 $390,200 Cost of goods sold is a variable cost in this company. Required: a. Prepare a traditional format income statement for January b. Prepare a contribution format income statement for January Honey Corporation, a merchandising company, reported the following results for January: 5,800 Number of units sold. Selling price per unit. Unit cost of goods sold. Variable selling expense per unit Total fixed selling expense. Variable administrative expense per unit... Total fixed administrative expense 5517 $31 $152,600 548 $390,200 Cost of goods sold is a variable cost in this company. Required: a. Prepare a traditional format income statement for January b. Prepare a contribution format income statement for January

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a Traditional Format Income Statement Sales 5800 units x 892 per unit Cost o... View the full answer