Question 1: LG is a merchandising company, reported the following results for July Number of...
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Question 1: LG is a merchandising company, reported the following results for July Number of units sold Selling price per unit Unit cost of goods sold Variable selling expense per unit Total fixed selling expense Variable administrative expense per unit.. Total fixed administrative expense.... 5,800 S892 S517 S31 $152,600 S48 S390,200 Cost of goods sold is a variable cost in this company Reanired Prepare a Traditional Format Income Statement for July? Question 2 A tile manufacturer has supplied the following data Boxes of tiles Sales revenue Variable manufacturing expense Fixed manufacturing expense Variable selling and administrative expes Fixed selling and administrative expense Net operating income produced and sold 520,000 S2,132,000 650,000 ....$464.000 .312,000 $446,000 Reanired 1. What is the company's unit contribution margin? 2. The company's contribution margin ratio is closest to
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