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Prepares a contribution margin income statement

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Question - It costs Furniture's Manufacturing $0.45 to produce baseballs and Furniture sells them for $4.00 apiece. Furniture pays a sales commission of 5% of sales revenue to his sales staff. Furniture also pays $13,000 a month rent for his factory and store, and also pays $80,000 a month to his staff in addition to the commissions. Furniture sold 71,500 baseballs in June. If Furniture prepares a contribution margin income statement for the month of June, compute his operating income.

Reference no: EM133085523

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