Question: I just need help with the contribution format income statement. The traditional income statement is correct. Marwick's Pianos, Incorporated, purchases planos from a large manufacturer
I just need help with the contribution format income statement. The traditional income statement is correct.


Marwick's Pianos, Incorporated, purchases planos from a large manufacturer for an average cost of $1,513 per unit and then sells them to retail customers for an average price of $2,600 each. The company's selling and administrative costs for a typical month are presented below: During August, Marwick's Pianos, Incorporated, sold and dellvered 56 pianos. Required: 1. Prepare a traditional format income statement for August. 2. Prepare a contribution format income statement for August. Show costs and revenues on both a total and a per unit basis down through contribution margin
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