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    Helpeta's Avatar
    Helpeta Posts: 1, Reputation: 1
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    #1

    Jun 9, 2014, 01:12 PM
    How to prepare a traditional income statement using only selling and administrative
    The organ sell on average for 2500, average cost from the manufacturer is 1500.
    Selling: advertising 950 per month, delivery of organs 60, sales salaries and commission 4800+4%commission, utilities 650 per month, depreciation of sales5000 per month
    Administrative: executive salaries 13,500 per month, depreciation of office equipment 900 per month, clerical 2500 per month + 40 per organ sold, insurance $700 .

    Prepare a traditional and contribution income statement. Showing cost and revenue on a per unit basis
    ma0641's Avatar
    ma0641 Posts: 15,675, Reputation: 1012
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    #2

    Jun 9, 2014, 04:57 PM
    How about you tell us what you think first. We do not do homework for you, sorry.
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