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| Teaching Since: | May 2017 |
| Last Sign in: | 287 Weeks Ago |
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MCS,MBA(IT), Pursuing PHD
Devry University
Sep-2004 - Aug-2010
Assistant Financial Analyst
NatSteel Holdings Pte Ltd
Aug-2007 - Jul-2017
total sales revenue 150,000
selling price per pair of skis 750
variable selling expense per pair of skis 50
variable administrative expense per pair of skis 10
total fixed selling expense 20,000
total fixed administrative expense 20,000
beginning merchandise inventory 30,000
ending merchandise inventory 40,000
merchandise purchase 100,000
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prepare traditional income statement for the quarter ended March 31
prepare a contribution format income statement for the quarter ended March 31
What is the contribution toward fixed expenses and profits for each pair of skis sold during the quarter?
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