Ms Socks, the manager of Sojagifo Sales Limited is looking to prepare an income statement for the month of December using a contribution approach & has compiled the following data:
tableCost of goods sold,$Variable selling expenses,$Fixed selling expenses,$Sales return department costs,$Variable administrative expenses,$Fixed administrative expenses,$Sales$
Ms Socks knows that the sales return department costs are a mix of fixed & variable costs & has provided the following information for the last months to assist you.
tabletableNumber ofsales returnstableCost of operatingsales return dept.July$
