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se ($2 por unit) 8,000 2,500 2.600 10

se ($2 por unit) 8,000 2,500 2.600 10

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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:^ > > > पी ी $ Per Unit
Transcribed Image Text::^ > > > पी ी $ Per Unit
Current Attempt in Progress Restate the following income statement for a retailer in contribution format. Sales revenue ($50 per unit) Less cost of goods sold ($16 per unit) Gross margin Less operating costs: Commissions expense ($3 per unit) $ 3,900 8,000 Salaries expense Advertising expense Shipping expense ($2 per unit) Operating income 2,500 2,600 $ 65,000 20,800 44,200 18,000 $ 27,200
Transcribed Image Text:Current Attempt in Progress Restate the following income statement for a retailer in contribution format. Sales revenue ($50 per unit) Less cost of goods sold ($16 per unit) Gross margin Less operating costs: Commissions expense ($3 per unit) $ 3,900 8,000 Salaries expense Advertising expense Shipping expense ($2 per unit) Operating income 2,500 2,600 $ 65,000 20,800 44,200 18,000 $ 27,200
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