Homework Answers
Based on the information available in the question, we can answer as follows:-
| CONTRIBUTION INCOME STATEMENT | |||
| Particulars | Amount | Amount | Per Unit |
| Sales | 50,000 | 100 | |
| Less:- Variable expenses | |||
| Cost of goods sold | 31,000 | 62 | |
| Commission expense | 2,500 | 5 | |
| Shipping expense | 500 | 1 | |
| 34,000 | |||
| Contribution Margin | 16,000 | ||
| Less:- Fixed expenses | |||
| Salaries expense | 7,900 | ||
| Advertising expense | 5,900 | ||
| 13,800 | |||
| Net Operating Income | 2,200 |
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