Schrute farm sales buys portable generators for $ 450 and sells them for $ 730 he pays a sales commission of 5% of sales revenue
Schrute Farm Sales purchases portable generators for $450 each and sells them for $730 each. The company pays a sales commission of 5% on the sales revenue to its sales staff. Additionally, Mr. Schrute incurs a monthly rent of $6,000 for his store and pays $1,700 per month to his staff, in addition to the commissions. In June, Mr. Schrute sold 600 generators. If he prepares a contribution margin income statement for the month of June, what would be his operating income?
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