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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

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter5: The Income Statement And The Statement Of Cash Flows
Section: Chapter Questions
Problem 2MC: The following information is available for Cooke Company for the current year: The gross margin is...
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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
Transcribed Image Text: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
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