Prepare the Operating Expenses Section of the Income Statement for Sanjam

question 58

Essay

Prepare the Operating Expenses section of the Income Statement for Sanjam Company at yearend,March 31,2016.The Gross Profit for Sanjam Petit Fours is $36,500 and for Chocolates it is $102,350.(Hint: The first line of your partial Income Statement after the heading should be Operating Expenses,and the final line should be Total Indirect Expenses.Include Contribution Margin in its proper place. )

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Definitions:

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