Solution-Prepare a contribution format income statement

Prepare a contribution format income statement

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Reference no: EM13516898

The Robinson Company sells sports decals that can be personalized with a player"s name, team name, and jersey number for $5 each. Robinson buys the decals from a supplier for $1.50 each and spends an additional $0.50 in variable operating costs per decal. The results of last month"s operations are as follows:

Sales	$10,000
Cost of goods sold	3,000
Gross profit	7,000
Operating costs	2,500
Operating income	$ 4,500
Operating income

Required

Prepare a contribution format income statement for the Robinson Company.

Reference no: EM13516898

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Prepare a contribution format income statement

Reference no: EM13516898

Reference no: EM13516898

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