Business, 13.09.2019 02:30 rleiphart1

Milden company is a merchandiser that plans to sell 25,000 units during the next quarter at a selling price of $52 per unit. the company also gathered the following cost estimates for the next quarter:
cost cost formula
cost of good sold $22 per unit sold
advertising expense $172,000 per quarter
sales commissions 5% of sales
shipping expense $54,000 per quarter + $6.00 per unit sold
administrative salaries $82,000 per quarter
insurance expense $9,200 per quarter
depreciation expense $52,000 per quarter
(1) prepare a contribution format income statement for the next quarter.
(2) prepare a traditional format income statement for the next quarter.

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Milden company is a merchandiser that plans to sell 25,000 units during the next quarter at a sellin...

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