During the past year,Pettay Enterprises had the following fixed costs:

The company also had the following variable costs:

During the year,the company produced and sold 60,000 units of the product at a selling price of $7.00 per unit.The company had no inventory at the beginning of the year.
Required: Prepare a contribution margin income statement for the year.

Question

During the past year,Pettay Enterprises had the following fixed costs:
  
The company also had the following variable costs:
  
During the year,the company produced and sold 60,000 units of the product at a selling price of $7.00 per unit.The company had no inventory at the beginning of the year.
Required: Prepare a contribution margin income statement for the year.

Quizplus · Accepted Answer

The Answer of During the past year,Pettay Enterprises had the following fixed costs:
  
The company also had the following variable costs:
  
During the year,the company produced and sold 60,000 units of the product at a selling price of $7.00 per unit.The company had no inventory at the beginning of the year.
Required: Prepare a contribution margin income statement for the year.

During the Past Year,Pettay Enterprises Had the Following Fixed Costs