Restate the following income statement in contribution format.
$\begin{array}{llr}
\text { Sales } \$ 10 \text { per unit } && \$ 5,000 \
\text { Less cost of goods sold } \$ 6 \text { per unit } & & \underline{3,000} \
\text { Gross margin } & & 2,000 \
\text { Less operating expenses } & & \
\quad\text { Commissions } \$ .60 \text { per unit } & 300 & \
\quad\text { Salaries } & \underline{800} & \underline{1,100} \
\text { Operating Income } & & \underline{\underline{\$ 900}}
\end{array}$

Question

Restate the following income statement in contribution format.
 $\begin{array}{llr}
\text { Sales } \$ 10 \text { per unit } && \$ 5,000 \
\text { Less cost of goods sold } \$ 6 \text { per unit } & & \underline{3,000} \
\text { Gross margin } & & 2,000 \
\text { Less operating expenses } & & \
\quad\text { Commissions } \$ .60 \text { per unit } & 300 & \
\quad\text { Salaries } & \underline{800} & \underline{1,100} \
\text { Operating Income } & & \underline{\underline{\$ 900}}
\end{array}$

Quizplus · Accepted Answer

The Answer of Restate the following income statement in contribution format.
 $\begin{array}{llr}
\text { Sales } \$ 10 \text { per unit } && \$ 5,000 \
\text { Less cost of goods sold } \$ 6 \text { per unit } & & \underline{3,000} \
\text { Gross margin } & & 2,000 \
\text { Less operating expenses } & & \
\quad\text { Commissions } \$ .60 \text { per unit } & 300 & \
\quad\text { Salaries } & \underline{800} & \underline{1,100} \
\text { Operating Income } & & \underline{\underline{\$ 900}}
\end{array}$

Restate the Following Income Statement in Contribution Format