Question: Please help me understand what formulas i should be using and where i get the numbers from to solve each part of the question. I


Macaws is a specialty pet gift shop selling exotic pet-related items online. The shop has no physical tion. Results for last year are shown next: or internal planning and decision-making purposes, the owner of Five Macaws would like to translate r internal planning and decision-making purposes, the owner of Five Macaws would like to translate e company's income statement into the contribution margin format. Since Five Macaws is online ly, all of its cost of goods sold is variable. A large portion of the selling and marketing expenses onsists of freight-out charges ($19,400), which were also variable. Only 20% of the remaining selling d marketing expenses and 25% of the website expenses were variable. Of the other operating xpenses, 90% were fixed. File Home Insert Draw Page Layout Formulas Data Review View Auton \begin{tabular}{l|l} 2 & \\ 3 & Five Macaws \end{tabular} Contribution Margin Income Statement For the Year Ended December 31 6 ales revenue 7 ess: Variable expenses 8 Variable cost of goods sold 9 Variable selling and marketing expenses 10 Variable web site maintenance expenses 11 Other variable operating expenses 12 ontribution margin 13 ess: Fixed expenses 14 Fixed selling and marketing expenses 15 Fixed web site maintenances expenses 16 Other fixed operating expenses 17 perating income 18
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