10 10 Pan 19 Exercise 1-6 (Static) Traditional and Contribution Format Income Statements [LO1-6) Cherokee Incorporated i

[answerhappygod]

10 10 Pan 19 Exercise 1 6 Static Traditional And Contribution Format Income Statements Lo1 6 Cherokee Incorporated I 1 (29.34 KiB) Viewed 14 times

10 10 Pan 19 Exercise 1 6 Static Traditional And Contribution Format Income Statements Lo1 6 Cherokee Incorporated I 2 (33.18 KiB) Viewed 14 times

10 10 Pan 19 Exercise 1-6 (Static) Traditional and Contribution Format Income Statements [LO1-6) Cherokee Incorporated is a merchandiser that provided the following information: Amount Humber of units sold Selling price per unit Variable selling expanse per unit Variable administrative expense per unit Total fixed selling expense Total fixed administrative expense Deginning merchandise inventory Inding marchandise inventory Merchandias purchases Required: 1. Prepare a traditional income statement. 2. Prepare a contribution format income statement. Required 1 Required 2 Prepare a traditional income statement. Complete this question by entering your answers in the tabs below. Cherokee, Incorporated Traditional Income Statement Sales Cost of goods sold Gross margin Seling and administrative expenses Adminative exper het operating income 20,000 $ 30 $4 12 $ 40,000 $ 30,000 $24,000 $44,000 $100,000 5 600.000
m 6 points ellook Print References Number of units sold Selling price per unit. Variable selling expense per unit Variable administrative expense per unit Total fixed selling expense Total fixed administrative expense Beginning merchandise inventory Ending merchandise inventory Merchandise purchases Required: 1. Prepare a traditional income statement. 2. Prepare a contribution format income statement. Required 1 Required 2 Prepare a contribution format income statement. Cherokee, Incorporated Contribution Format Income Statement Complete this question by entering your answers in the tabs below. Sales Variable expenses: Cost of goods sold Fixed expenses Amount 20,000 $30 $4 $2 $ 40,000 $ 30,000. $ 24,000 $ 44,000 $100,000 Required 1 0 0