4 Milden Company is a merchandiser that plans to sell 29,000 units during...
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4 Milden Company is a merchandiser that plans to sell 29,000 units during the next quarter at a selling price of $54 per unit. The company also gathered the following cost estimates for the next quarter: 5 points Cost Cost of good sold Advertising expense Sales commissions Shipping expense Administrative salaries Insurance expense Depreciation expense Cost Formula $24 per unit sold $174,000 per quarter 5% of sales $84,000 per quarter + $4.00 per unit sold $84,000 per quarter $9,400 per quarter $54,000 per quarter 04:37:52 eBook Print Required 1. Prepare a contribution format income statement for the next quarter 2. Prepare a traditional format income statement for the next quarter References Required 1Required 2 Prepare a contribution format income statement for the next quarter
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