Answer Happy

Fanelli Corporation, a merchandising company, reported the following results for July: 6,500 $610 Number of units sold Selling price per unit Unit cost of goods sold Variable selling expense per unit Total fixed selling expense $417 $58 Variable administrative expense per unit Total fixed administrative expense $ 126,000 $26 $ 207,900 Cost of goods sold is a variable cost in this company. Required: a. Prepare a traditional format income statement for July. b. Prepare a contribution format income statement for July.

Required: a. Prepare a traditional format income statement for July. b. Prepare a contribution format income statement for July Complete this question by entering your answers in the tabs below. Required A Required Prepare a contribution format income statement for July. Fanelli Corporation For the month of July Contribution Format Income Statement Variable expenses: Fixed expenses: < G 2 # 3 < Required A Q $ 4 0 0 0 0 Resulted