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Current Attempt in Progress - Your answer is partially correct. Restate the following income statement...

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Accounting

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Current Attempt in Progress - Your answer is partially correct. Restate the following income statement for a retailer in contribution format. $ 98,000 56,840 41,160 Sales revenue ($100 per unit) Less cost of goods sold ($58 per unit) Gross margin Less operating costs: Commissions expense ($5 per unit) $4,900 Salaries expense 7,900 Advertising expense Shipping expense ($3 per unit) 2,9% Operating income 5,800 21,540 $ 19,620 Per Unit 98.000 Sales Revenue Variable Expenses 56820 Cost of Goods Sold Per Unit Sales Revenue 98,000 Variable Expenses Cost of Goods Sold 56840 Commissions Expenses 4900 i Shipping Expenses 2940 Total Variable Expenses 64680 33320 Contribution Margin Fixed Expenses : 7900 Salaries Expenses : 5800 i Advertising Expenses 13,700 i Total Fixed Expenses Total Variable Expenses 64680 Contribution Margin ! 33320 Fixed Expenses : Salaries Expenses 7900 Advertising Expenses 5800 Total Fixed Expenses 13,700 Operating Income 19,620 e Textbook and Media Save for Later Attempts: 3 of 12 used Submit Answer Synced to Gradebook Sat, Feb 1, 2020, 2:41:00 PM (America/New York-05:00)

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