Business, 24.06.2019 23:00 donnafranks2003

Milden company is a merchandiser that plans to sell 39,000 units during the next quarter at a selling price of $65 per unit. the company also gathered the following cost estimates for the next quarter: cost cost formula cost of good sold $32 per unit sold advertising expense $188,000 per quarter sales commissions 5% of sales shipping expense $42,000 per quarter + $4.00 per unit sold administrative salaries $98,000 per quarter insurance expense $10,800 per quarter depreciation expense $68,000 per quarter required: 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 39,000 units during the next quarter at a sellin...