Answered

Looking for answers? Westonci.ca is your go-to Q&A platform, offering quick, trustworthy responses from a community of experts. Experience the ease of finding precise answers to your questions from a knowledgeable community of experts. Get precise and detailed answers to your questions from a knowledgeable community of experts on our Q&A platform.

2. Meatball Corporation, a merchandising company, reported the following results for June. Number of units sold 6,700 Selling price per unit $600 Unit cost of goods sold $419 Variable selling expense per unit $62 Variable administrative expense per unit $30 Total fixed selling expense $126,200 Total fixed administrative expense $208,100 *Cost of goods sold is a variable cost in this company. 1) Prepare a traditional income statement for June.

Sagot :

ayokenny2001

Answer:

See below

Explanation:

Preparation of traditional income statement

Sales $600 × 6,700. $40,20,000

Less variable cost

We appreciate your time on our site. Don't hesitate to return whenever you have more questions or need further clarification. Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. Thank you for using Westonci.ca. Come back for more in-depth answers to all your queries.