23. Convert the following traditional income statement into a contribution margin income statement. Contribution margin...
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23. Convert the following traditional income statement into a contribution margin income statement. Contribution margin ratio = 35%. If 1,000 units are being produced and sold, what is the variable cost per unit? What is the cost formula? (4 pts) Sales COGS Gross Margin Oper. Exps. Oper. Income $100,000 60,000 40,000 25,000 15,000
23. Convert the following traditional income statement into a contribution margin income statement. Contribution margin ratio =35%. If 1,000 units are being produced and sold, what is the variable cost per unit? What is the cost formula? (4 pts)
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