Sibrel inc a manufacturing company has provided the

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Sibrel Inc., a manufacturing company, has provided the following financial data for September:

Sales$590,000

  • Variable production expenses $106,000
  • Variable selling expense$18,000
  • Variable administrative expense$78,000
  • Fixed production expense$145,000
  • Fixed selling expense$72,000
  • Fixed administrative expense132,000

The company had no beginning or ending inventories.

Required:

a) Prepare an income statement in good form for September using the traditional approach.

b) Prepare an income statement in good form for September using the contribution approach.

Reference no: EM13579652

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