Cornerstones of Managerial Accounting 6th Edition by Maryanne Mowen,Don Hansen ,Dan Heitger

تمرين 45

Income Statement Percentages
Slapshot Company makes ice hockey sticks and sold 1,880 sticks during the month of June at a total cost of $433,000. Each stick sold at a price of $400. Slapshot also incurred two types of selling costs: commissions equal to 10% of the sales price, and other selling expense of $65,000. Administrative expense totaled $53,800.
Refer to the information for Slapshot Company above.
Required:
Prepare an income statement for Slapshot for the month of June and calculate the percentage of sales revenue represented by each line of the income statement. ( Note : Round answers to one decimal place.)