Question: Same Company Prepare a Contribution Margin Income Statement below based on the following data. Chapter 6 Lecture Page 7 Revenue: Quantity of necklaces sold 400
Same Company Prepare a Contribution Margin Income Statement below based on the following data. Chapter 6 Lecture Page 7 Revenue: Quantity of necklaces sold 400 necklaces sold Average sale price of necklace $ 50 per necklace Cost of Goods Sold $ 11 per necklace Selling Expenses: Advertising $ 1,500 per month Sales salaries and commissions 900 per month, plus 4% of sales Delivery of necklaces to customers 8 per necklace Store Rent 900 per month Depreciation of sales equipment 600 per month Administrative Expenses: Office salaries $ 1,000 per month Employee benefits 600 per month Clerical 800 per month, plus_$6 per necklace Depreciation of office equipment 900 per month Jewelry 4 U Contribution Margin Income Statement For the month ended December 31 Total Per Unit Sales Variable expenses Cost of goods sold Sales commissions Delivery of necklaces Clerical
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
