Pamela's Quilt Shoppe sells homemade Amish quits. Pamela buys the quilts from local Amish artisans...
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Pamela's Quilt Shoppe sells homemade Amish quits. Pamela buys the quilts from local Amish artisans for $240 each, and her shop sells them for $390 each. She aiso pays a sales commission of 4% of sales fovenue to her sales staft. Pamela leases her country-style shop for $1,500 por month and pays $2,200 pet month in payroll costs in addition to the sales commissions. Pamela sold 70 cults in Fobruary. Propare Pamela's traditional income statement and contribution margin income statement for the month
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