Retstate the following income statement for a retailer in contribution format, Sales revenue ($ 100 per unit) $70,000 Less cost of golds sold ($58 per unit) 40, 600 Gross Margin $29,400 Less oeprating Costs: Commissions expense ($6 per unit) $4,200 Salaries expense 7,900 Advertising expense 5, 900 Shipping expense ($1 per unit) 700 18700 Operating Income $ 10, 700
Retstate the following income statement for a retailer in contribution format, Sales revenue ($ 100 per unit) $70,000 Less cost of golds sold ($58 per unit) 40, 600 Gross Margin $29,400 Less oeprating Costs: Commissions expense ($6 per unit) $4,200 Salaries expense 7,900 Advertising expense 5, 900 Shipping expense ($1 per unit) 700 18700 Operating Income $ 10, 700
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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