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Question: long problem please finish whole thing...

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Long problem please finish whole thing
Marwicks Pianos, Inc. Traditional Income Statement For the Month of August oints Skipped Selling and administrative expenses Selling expenses eBook Print References Total selling expenses Administrative expenses Total administrative expenses Total selling and administrative expenses Required 2> Type here to search 門5%
down through contribution margin. Marwicks Pianos, Inc. Contribution Format Income Statement For the Month of August oints Total Per Piano Skipped Variable expenses: eBook Print Total variable expenses Fixed expenses Total fxed expenses Required 1 Type here to search
Marwicks Pianos, Inc., purchases pianos from a large manufacturer for an average cost of $2.450 per unit and then sells them to retail customers for an average price of $3125 each. The companys selling and administrative costs for a typical month are presented below Costs Selling Advertising Sales salaries and commissions Delivery of pianos to customers utilities Depreciation of sales facilities $708 per month $950 per month, plus 8% of sales $30 per piano sold $350 per month $800 per month Insurance Clerical Depreciation of office equipment $2,500 per month 400 per month $1,800 per month, plus $28 per piano sold $300 per month During August, Marwicks Pianos, Inc., sold and delivered 40 pianos. Required 1. Prepare a traditional format income statement for August 2. Prepare a contribution format income statement for August. Show costs and revenues on both a total and a per unit basis down through contribution margin.
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