question archive Urban Sombrero Corporation reported the following results for February: Number of units sold 850 Selling price per unit 675 Cost of goods sold per unit 435 Variable Selling expense per unit 55 Total fixed selling costs 49,280 Variable administrative expense per unit 35 Total fixed adminsitrative expense 35,000 Please create the following formats for their Income Statement: Traditional format income statement Contribution format income statement
Urban Sombrero Corporation reported the following results for February: Number of units sold 850 Selling price per unit 675 Cost of goods sold per unit 435 Variable Selling expense per unit 55 Total fixed selling costs 49,280 Variable administrative expense per unit 35 Total fixed adminsitrative expense 35,000 Please create the following formats for their Income Statement: Traditional format income statement Contribution format income statement
Subject:AccountingPrice:2.86 Bought8
Urban Sombrero Corporation reported the following results for February:
Number of units sold 850
Selling price per unit 675
Cost of goods sold per unit 435
Variable Selling expense per unit 55
Total fixed selling costs 49,280
Variable administrative expense per unit 35
Total fixed adminsitrative expense 35,000
Please create the following formats for their Income Statement:
- Traditional format income statement
- Contribution format income statement
