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Sales Revenue 7500 Variable Expenses Mighty Bright Window Cleaners' monthly income statement at several levels of activity is as follow Cost of Goods Sold 3000 i Windows washed 1,000 2,000 3,000 Salaries Expense Sales revenue $ 3,000 $ 6,000 $ 9,000 Cost of goods sold 1,200 2,400 3,600 Postage Expense 1000 i Gross profit 1,800 3,600 5,400 Total Variable Expenses Operating expenses Contribution Margin Advertising expense 400 400 400 Fixed Expenses Salaries and wages expense 700 900 1,100 Insurance expense 200 200 200 Insurance Expense 200 i Postage expense 400 800 1,200 Advertising Expense 400 i Total operating expense 1,700 2,300 2,900 Salaries Expense Operating income 100 $ 1,300 $ 2,500 Total Fixed Expenses Operating Income DO

Sales Revenue 7500 Variable Expenses Mighty Bright Window Cleaners' monthly income statement at several levels of activity is as follow Cost of Goods Sold 3000 i Windows washed 1,000 2,000 3,000 Salaries Expense Sales revenue $ 3,000 $ 6,000 $ 9,000 Cost of goods sold 1,200 2,400 3,600 Postage Expense 1000 i Gross profit 1,800 3,600 5,400 Total Variable Expenses Operating expenses Contribution Margin Advertising expense 400 400 400 Fixed Expenses Salaries and wages expense 700 900 1,100 Insurance expense 200 200 200 Insurance Expense 200 i Postage expense 400 800 1,200 Advertising Expense 400 i Total operating expense 1,700 2,300 2,900 Salaries Expense Operating income 100 $ 1,300 $ 2,500 Total Fixed Expenses Operating Income DO

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Sales Revenue 7500 $ Variable Expenses Mighty Bright Window Cleaners' monthly income statement at several levels of activity is as follow Cost of Goods Sold 3000 i Windows washed 1,000 2,000 3,000 Salaries Expense Sales revenue $ 3,000 $ 6,000 $ 9,000 Postage Expense 1000 i Cost of goods sold 1,200 2,400 3,600 Gross profit 1,800 3,600 5,400 Total Variable Expenses Operating expenses Contribution Margin Advertising expense 400 400 400 Fixed Expenses Salaries and wages expense 700 900 1,100 Insurance expense 200 200 200 Insurance Expense 200 i Postage expense 400 800 1,200 Advertising Expense 400 Total operating expense 1,700 2,300 2,900 Salaries Expense Operating income 100 $ 1,300 $ 2,500 Total Fixed Expenses Operating Income
Transcribed Image Text:Sales Revenue 7500 $ Variable Expenses Mighty Bright Window Cleaners' monthly income statement at several levels of activity is as follow Cost of Goods Sold 3000 i Windows washed 1,000 2,000 3,000 Salaries Expense Sales revenue $ 3,000 $ 6,000 $ 9,000 Postage Expense 1000 i Cost of goods sold 1,200 2,400 3,600 Gross profit 1,800 3,600 5,400 Total Variable Expenses Operating expenses Contribution Margin Advertising expense 400 400 400 Fixed Expenses Salaries and wages expense 700 900 1,100 Insurance expense 200 200 200 Insurance Expense 200 i Postage expense 400 800 1,200 Advertising Expense 400 Total operating expense 1,700 2,300 2,900 Salaries Expense Operating income 100 $ 1,300 $ 2,500 Total Fixed Expenses Operating Income
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