You are provided with the following data. Sales Variable costs: Direct Materials Direct Labor Manufacturing Overhead...

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You are provided with the following data. Sales Variable costs: Direct Materials Direct Labor Manufacturing Overhead Variable selling Variable administrative Fixed costs: Fixed selling Fixed administrative Fixed Manufacturing Overhead Sales Cost of Goods Sold Direct Materials Direct Labor $ 17,078 Manufacturing Overhead Gross Profit Selling and administrative expenses: Selling es es eses es Administrative Net Operating Income $ $ $ $ Required: Complete a traditional format income statement and a contribution format income statement. Note: All amounts should be entered as positive values. $ Traditional Format Income Statement 1,984 2,917 1,117 1,115 938 $ 3,904 $ 1,677 $ 1,188 $ 1,984 2,917 $ 17,078 4,901 $ 12,177 $ 12,177 You are provided with the following data. Sales Variable costs: Direct Materials Direct Labor Manufacturing Overhead Variable selling Variable administrative Fixed costs: Fixed selling Fixed administrative Fixed Manufacturing Overhead Sales Cost of Goods Sold Direct Materials Direct Labor $ 17,078 Manufacturing Overhead Gross Profit Selling and administrative expenses: Selling es es eses es Administrative Net Operating Income $ $ $ $ Required: Complete a traditional format income statement and a contribution format income statement. Note: All amounts should be entered as positive values. $ Traditional Format Income Statement 1,984 2,917 1,117 1,115 938 $ 3,904 $ 1,677 $ 1,188 $ 1,984 2,917 $ 17,078 4,901 $ 12,177 $ 12,177

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In the image provided you have the beginning of a Traditional Format Income Statement based on an assortment of costs and revenues The requirements ar... View the full answer