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  1. business
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  3. an income statement for sam's bookstoro for the fi

An income statement for Sam's Bookstoro for the first quarter of the year is presented...

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Accounting

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An income statement for Sam's Bookstoro for the first quarter of the year is presented below. On average; a book selss for $65. Variable selling expenses are $4 per book with the remaining seling expenses being fixed The varisble administrative expenses are 3% of sales whith the remainder being foxed. The contribution margin for Sam's Bookstore for the first quarter is: Mutiple chose $266700 $6.43,300 5826700 On average, a book selis for $65. Varlable selling expenses are $4 per book with the remaining selling expenses being fxed. The varlable odministrative expenses are 3% of sales with the remainder being fixed. The contribution margin for Sam's Bookstore for the first quarter is: Multiple Chaice $266,700 $543.300 $926,700 3294,000

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