Number of units sold 55000, Selling price per unit Tk.80, Variable selling expense per unit Tk.13, Variable

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Question:

Number of units sold 55000, Selling price per unit Tk.80, Variable selling expense per unit Tk.13, Variable administrative expense per unit Tk.11, Fixed selling expense Tk.540000, Fixed administrative expense Tk.280000, Beginning inventory Tk.210000, Ending inventory Tk.350000, Merchandise purchases Tk. 1805000.

Prepare the followings:

i. Traditional income statement.

ii. Contribution format income statement.