Selling price per unit = $720
Purchase price per unit = $450
Sales commission = 5%
= 720 x 5%
= $36
Variable cost per unit = Purchase price per unit + Sales commission
= 450+36
= $486
Rent expense = $10,000
Staff salaries = $16,700
Total fixed expense = Rent expense + Staff salaries
= 10,000+16,700
= $26,700
Income Statement | |
Sales ( 200 x 720) | 144,000 |
Variable cost ( 200 x 486) | -97,200 |
Contribution Margin | $46,800 |
Fixed cost | -26,700 |
Operating Income | 20100 |
Operating income for the month of June = 20100.
Kindly comment if you need further assistance. Thanks‼!
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