Ask Question
30 June, 19:05

Gebler Company sells a product for $ 70 per unit. Variable costs are $ 25 per unit, and fixed costs are $ 2 comma 500 per month. The company expects to sell 570 units in September. Prepare an income statement for September using the contribution margin format.

+1
Answers (1)
  1. 30 June, 20:35
    0
    Instructions are listed below

    Explanation:

    Giving the following information:

    Gebler Company sells a product for $ 70 per unit.

    Variable costs are $ 25 per unit.

    Fixed costs are $ 2500 per month.

    The company expects to sell 570 units in September.

    Contribution income statement:

    Sales = 70*570 = $39,900

    Variable costs = 570*25 = 14250

    Contribution margin = 25,650

    Fixed costs = 2500

    Net income = $23,150
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Gebler Company sells a product for $ 70 per unit. Variable costs are $ 25 per unit, and fixed costs are $ 2 comma 500 per month. The ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers