Question 14 Miltank Company is a merchandiser that plans to sell 15.000 units during t...
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Question 14 Miltank Company is a merchandiser that plans to sell 15.000 units during t e next quarter at a selling price of 9120 per unit. The company gathered the following cost estimates for the next quarter: Cost: Cost Formula: Cost of Goods Sold l3 42 per unit sold Advertising Expense l3 10000 per quarter Sales Commissions 6% of Sales Shipping Expense P 28,000 per quarter + 99.10 per unit sold Administrative Salaries B 145,000 per quarter Insurance Expense P 9,000 per quarter Depreciah' on Expense P 76,000 per quarter Using the contribution format income statement for the next quarter. the total CONTRIBUTION MARGlN is P ______________
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