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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Prepare a contribution format income statement

Restate the following income statement in contribution margin format. (Round answers to 2 decimal places, e.g. 15.25 or 15.25%.) Sales ($59 per unit)       $ 8,260.00   Less cost of goods sold ($40 per unit)       5,600.00   Gross margin       2,660.00   Less operating expenses:             Salaries   $839.00         Advertising   450.00         Shipping ($1.14 per unit)   159.60   1,448.60   Operating income       $ 1,211.40                 PER UNIT   RATIO Select an income statement item                                                                  $Enter a dollar amount    $Enter a dollar amount    enter percentages % Select between addition and deduction                                                            Select an opening name for section one                                                           :                 Select an income statement item                                                              $Enter a dollar amount…

Table 1. Hypothetical Income Statement Item Total Sales Revenue Dollar Amount $10,154,706 Cost of Goods Sold Parts & Materials $2,500,000 Direct Labor $1,000,000 $3,500,000 Gross Profit Margin $???? Marketing Expenses Salesforce Expenses $1,500,000 Sales Commissions $500,000 Trade and Media Advertising $300,000 Point-Of-Sale Materials $100,000 Coop Ad Allowances $500,000 Shipping Expenses $800,000 $3,700,000 Manufacturing Overhead $800,000 General & Administrative Expenses Administrative Overhead $250,000 Executive Salaries & Benefits $400,000 $650,000 Operating Profit $?????

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Todrick Company is a merchandiser that reported the following information based on 1,000 units sold: Sales $ 300,000 Beginning merchandise inventory $ 20,000 Purchases $ 200,000 Ending merchandise inventory $ 7,000 Fixed selling expense ?question mark Fixed administrative expense $ 12,000 Variable selling expense $ 15,000 Variable administrative expense ?question mark Contribution margin $ 60,000 Net operating income $ 18,000  3. Calculate the selling price per unit. 4. Calculate the variable cost per unit. 5. Calculate the contribution margin per unit.

Rings company has three product lines A, B and C. The following financial information is available:

The following information is available for Concord Company: Sales Total fixed expenses Cost of goods sold Total variable expenses $301000 $51600 103200 86000 What amount would you find on Concord's CVP income statement? General 41:18 O gross profit of $197800 • contribution margin of $163400 O contribution margin of $215000 O gross profit of $163400

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