Posted: March 10th, 2021

Redhawk, inc., is a merchandiser that provided the following

Redhawk, Inc., is a merchandiser that provided the following information:


Number of units sold ———–  10,000


Selling price per unit  ———- $15


Variable selling expense per unit—$2


Variable administrative expense per unit ——— $1


Total fixed selling expense  ——–  $20,000


Total fixed administrative expense  ——–  $15,000


Merchandise inventory, beginning balance  ———  $12,000


Merchandise inventory, ending balance  ———— $22,000


Merchandise purchases ———– $90,000






1.  Prepare a traditional income statement


2.  Prepare a contribution format income statement


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