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rsteel rsteel
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A year ago

Fanelli Corporation, a merchandising company, reported the following results for July:

Number of units sold5,300
Selling price per unit$ 590
Unit cost of goods sold$ 403
Variable selling expense per unit$ 58
Total fixed selling expense$ 124,400
Variable administrative expense per unit$ 22
Total fixed administrative expense$ 206,300


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.

Textbook 
Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
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babolat00babolat00
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A year ago
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rsteel Author
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A year ago
Thank you, thank you, thank you!
deathDoUsPart
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Thanks for your help!!
choih94
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Correct Slight Smile TY
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