Reference no: EM132245550

Westgate division of North Industries manufactures light fixtures sold to consumers through home improvement and hardware stores.

Total Sales Revenue $20 million. Cost of goods sold represents 40% of sales revenue excluding freight

Marketing expenses include selling expenses, promotion expenses, and freight.

Selling expenses include salespeople salaries totaling $3.5 million per year plus sales commissions (5% of sales).

Advertising expenses $3 million Freight costs 10% of sales.

Managerial salaries and expenses for the marketing function $1 million

Indirect overhead allocated to the division $2.5 million

Develop a profit-and-loss statement for the Westgate division.