Solution Manual to Introduction to Management

In: Business and Management

Submitted By krixxy
Words 2262
Pages 10
Problem 1-14B (45 minutes)

| |House Of Pianos, Inc. |
| |Traditional Income Statement |
| |For the Month Ended September 30 |
| | | | |
| |Sales (60 pianos × $3,300 per piano) | |$198,000 |
| |Cost of goods sold | | 89,520 |
| |(60 pianos × $1,492 per piano) | | |
| |Gross margin | |108,480 |
| |Selling and administrative expenses: | | |
| |Selling expenses: | | |
| |Advertising |$ 955 | |
| |Delivery of pianos |3,660 | |
| |(60 pianos × $61 per piano) | | |
| |Sales salaries…...

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