Prepare a contribution margin format income statement; calculate breakeven point Presented here is the income...
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Prepare a contribution margin format income statement; calculate breakeven point Presented here is the income statement for Fairchild Co. for March: Based on an analysis of cost behavior patterns, it has been determined that the company's contribution margin ratio is 30%. Required: a. Rearrange the preceding income statement to the contribution margin format. b. Calculate operating income if sales volume increases by 10%. (Note: Do not construct an income statement to get your answer.) c. Calculate the amount of revenue required for Fairchild to break even
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