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What is the contribution toward fixed expenses

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Total sales revenue 150,000
selling price per pair of skis 750
variable selling expense per pair of skis 50
variable administrative expense per pair of skis 10
total fixed selling expense 20,000
total fixed administrative expense 20,000
beginning merchandise inventory 30,000
ending merchandise inventory 40,000
merchandise purchase 100,000

prepare traditional income statement for the quarter ended March 31

prepare a contribution format income statement for the quarter ended March 31

What is the contribution toward fixed expenses and profits for each pair of skis sold during the quarter?

Reference no: EM131625026

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