Marwick's Pianos, Incorporated, purchases pianos from a manufacturer for an average cost of $1.503 per...
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Marwick's Pianos, Incorporated, purchases pianos from a manufacturer for an average cost of $ per unit and then sells them to retall customers for an average pice of $ each. The company's selling and administrative costs for a typlcal month are presented below: Costs Selling: Advertising Sates salartes and conmissions Delivery of planos to custoners Utilities Deprectation of sales facilities Adninistrative: Cxecutive salarles Insurance Clericas Depreciation of office equipnent Cost Fornula $ per wonth $ per bonth, plus $ of sales $ per piano sold $ per month $ per month $ per month $ per month $ per month, plus $ per pleno sold $ per month During August, Marwick's Planos, Incorporated, sold and delvered planos. Required: Prepare a traditional format income statement for August Prepare a contribution format income statement for August. Show costs and revenues on both a total and a perunit basis down through contribution margin. Complete this question by entering your answers in the tabs below. Prepare a traditional format income statement for August. Note: A Net operating loss" should be entered as a negative number. 
Marwick's Pianos, Incorporated, purchases pianos from a manufacturer for an average cost of $ per unit and then sells them to
retall customers for an average pice of $ each. The company's selling and administrative costs for a typlcal month are presented
below:
Costs
Selling:
Advertising
Sates salartes and conmissions
Delivery of planos to custoners
Utilities
Deprectation of sales facilities
Adninistrative:
Cxecutive salarles
Insurance
Clericas
Depreciation of office equipnent
Cost Fornula
$ per wonth
$ per bonth, plus $ of sales
$ per piano sold
$ per month
$ per month
$ per month
$ per month
$ per month, plus $ per pleno sold
$ per month
During August, Marwick's Planos, Incorporated, sold and delvered planos.
Required:
Prepare a traditional format income statement for August
Prepare a contribution format income statement for August. Show costs and revenues on both a total and a perunit basis down
through contribution margin.
Complete this question by entering your answers in the tabs below.
Prepare a traditional format income statement for August.
Note: A Net operating loss" should be entered as a negative number.
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