Restate the following income statement in contribution format.
|
Sales ($100 per unit) |
$50,000 |
|
|
Less cost of goods sold ($60 per unit) |
30,000 |
|
|
Gross margin |
20,000 |
|
|
Less operating costs: |
||
|
Commissions ($6 per unit) |
$3,000 |
|
|
Salaries |
8,000 |
|
|
Advertising |
6,000 |
|
|
Shipping ($2 per unit) |
1,000 |
18,000 |
|
Operating income |
$ 2,000 |