House of Organs Inc. purchases organs from a well-known manufacturer and sells

House of Organs Inc. purchases organs from a well-known manufacturer and sells them at the retail level. The organs sell on the average for $3100 each.
The average cost of an organ from the manufacturer is $1508. The costs that the company incurs in a typical month are presented below:

Costs Cost Formula

Selling:

Advertising $950 per month

Delivery of organs $59 per organ sold

Sales salaries and commissions $4812 per month plus 4% of sales

Utilities $642 per month

Depreciation of sales facilities $4916 per month

Administrative:

Executive salaries $13489 per month

Depreciation of office equipment $901 per month

Clerical $2541 per month plus $41 per organ sold

Insurance $717 per month

During November the company sold and delivered 55 organs.

Prepare a traditional income statement for November. (Input all amounts as positive values except losses which should be indicated by a minus sign.)

House of Organs Inc.

Traditional Income Statement

For the Month Ended November 30

Selling and administrative expenses:

Selling expenses:

Total selling expenses

Administrative expenses:

Total administrative expenses

Total selling and administrative expenses

Prepare a contribution format income statement for November.

House Of Organs Inc.

Contribution Format Income Statement

For the Month Ended November 30

Total Per unit

$ $

Variable expenses:

Total variable expenses

Contribution margin $

Fixed expenses:

Total fixed expenses