Carol Ann's Shoe Store Income Statement For the Month Ended April 30, 200X Sales $68,000...
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Carol Ann's Shoe Store Income Statement For the Month Ended April 30, 200X Sales $68,000 Less: Variable Costs - Cost of Goods Sold $40,000 Selling Expense 4,600 Administrative Expense 3,000 Total Variable Costs (47,600) Contribution Margin 20,400 Less: Fixed Costs - Selling Expense $ 5,900 Administrative Expense 9,000 Total Fixed Costs (14,900) Operating Income $ 5,500 During the month of April, Carol Ann sold 5,000 pairs of shoes. Refer to the information above for Carol Ann's Shoe Store. The required sales in dollars to break even is
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