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25) Scheute Farm Sales buys portable generators for $450 and sells them for $720. He...

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25) Scheute Farm Sales buys portable generators for $450 and sells them for $720. He pays a sales commission of 5% of sales revenue to his sales staff. Mr. Schrute pays $2.000 a month rent for his store, and also pays $1,700 a month to his staff in addition to the commissions. Mr. Schrute sold 200 generators in June. If Mr. Schrute prepares a traditional income statement for the month of June, what would be his operating income? 25) A) $43,100 B) $64.900 C) $54,00 D) $144,000 26) Schrute Farm Sales buys portable generators for $450 and sells them for $720. He pays a sales commission of 5% of sales revenue to his sales staffMr. Schrute, pays $2.000 a month rent for his store, and also pays $1,700 a month to his staff in addition to the commissions. Mr. Schrute sold 200 generators in June. If Mr. Schrute prepares a contribution margin income statement for the month of June, what would be his operating income? 26) A) $144,000 B) $97 200 C) $43.100 D) $50,500 27) The contribution margin ratio explains the percentage of each sales dollar that 27) A) contributes towards variable costs. B) contributes towards sales revenue. C) contributes towards fixed costs and generating a profit. D) contributes towards period expenses

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