Donmoyer Sales Corporation,a merchandising company,reported total sales of $2,230,200 for May.The cost of goods sold (all variable)was $1,518,300,the total variable selling expense was $214,200,the total fixed selling expense was $86,700,the total variable administrative expense was $119,700,and the total fixed administrative expense was $138,400.
Required:
a.Prepare a contribution format income statement for May.
b.Prepare a traditional format income statement for May.

Question

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The Answer of Donmoyer Sales Corporation,a merchandising company,reported total sales of $2,230,200 for May.The cost of goods sold (all variable)was $1,518,300,the total variable selling expense was $214,200,the total fixed selling expense was $86,700,the total variable administrative expense was $119,700,and the total fixed administrative expense was $138,400.
Required:
a.Prepare a contribution format income statement for May.
b.Prepare a traditional format income statement for May.

Donmoyer Sales Corporation,a Merchandising Company,reported Total Sales of $2,230,200 for May.The