Restate the following income statement in contribution format.
| Sales ($100 per unit) Don't use plagiarized sources. Get Your Custom Essay on restate the following income statement in contribution format 613926 Get an essay WRITTEN FOR YOU, Plagiarism free, and by an EXPERT! Just from $10/Page | $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 |
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