Milden Company is a merchandiser that plans to sell units during the next quarter at a selling price of $ per unit. The company also gathered the following cost estimates for the next quarter:
Cost
Cost of good sold Cost Formula
Advertising expense $ per unit sold
Sales commissions $ per quarter
Shipping expense of sales
Administrative salaries $ per quarter $ per unit sold
Insurance expense $ per quarter
tableDepreciation expense,$ per quarter per quarter,
Required:
Prepare a contribution format income statement for the next quarter.
Prepare a traditional format income statement for the next quarter.
