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 $735,000. The expected expenses for this period are as follows: Cost of goods sold $13 per unit Selling expenses ($7 per unit, the remainder is $160,000 fixed) Administrative expenses (30% variable, the $63,500 remainder is fixed) Required: Complete the contribution format income statement, in good form, for the month ended June 30, 2021.

Q&A Education