Question: https/ html Help Save & Ex Checl Problem 1-21 Traditional and Contribution Format Income Statements [LO1-6] Marwick's Pianos, Inc., purchases pianos from a large manufacturer
https/ html Help Save & Ex Checl Problem 1-21 Traditional and Contribution Format Income Statements [LO1-6] Marwick's Pianos, Inc., purchases pianos from a large manufacturer for an average cost of $1,481 per unit and then sells them to retail customers for an average price of $3,400 each. The company's selling and administrative costs for a typical month are presented below Advertising Sales salaries and Delivery of pianos $935 per month $4,814 per month, plus 53 of sales $61 per piano sold $638 per month commissions to customers Utilities ation of sales facilities $13, 584 per month $713 per month $2,518 per month, plus $41 per piano sold $850 per month Clerical During August, Marwick's Planos, Inc. sold and delivered 59 pianos. Required: 2. Prepare a c a traditional format income statement for August on format income statement for August margin Show costs and revenues on both a total and a per unit basis down Prex 70, 8111 Next >
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