Baby Boss Company is a merchandising firm that sells a single product for $35 each For the month ending June 30 2021, the company plans to have total sales revenue of $770,000 The expected expenses for this period are as follows: $12 per unit Cost of goods sold Selling expenses ($8 per unit, the remainder is fixed) Administrative expenses (30% variable, the remainder is fixed) $180,000 $65,300 Required: Complete the contribution format income statement, in good form, for the month ended June 30, 2021. (8 marks)

Q&A Education