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Prepare robert contribution margin income statement

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Reference no: EM133016243

Question - Robert's Quilt shoppe sells homemade quilts. Robert buys the quilts from local artisants for $250 each, and his shop sells them for $350 each. Robert also pays a sales commission of 5% of sales revenue to his sales staff. Robert leases his country style shoppe for $1,000 per month and pays $1,200 per month in payroll costs in addition to the sales commissions. Robert sold 80 quilts in February. Prepare Robert's contribution margin income statement for the month.

Reference no: EM133016243

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