Honey Corporation,a merchandising company,reported the following results for January: Cost of goods sold is a variable cost in this company.
Required:
a.Prepare a traditional format income statement for January.
b.Prepare a contribution format income statement for January.

Question

Honey Corporation,a merchandising company,reported the following results for January:  Cost of goods sold is a variable cost in this company. 
Required:
a.Prepare a traditional format income statement for January.
b.Prepare a contribution format income statement for January.

Quizplus · Accepted Answer

The Answer of Honey Corporation,a merchandising company,reported the following results for January:  Cost of goods sold is a variable cost in this company. 
Required:
a.Prepare a traditional format income statement for January.
b.Prepare a contribution format income statement for January.

Honey Corporation,a Merchandising Company,reported the Following Results for January