Problem 12-24 (Algo) Prepare a contribution margin format income statement; calculate breakeven point LO 127,128,129,1211...
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Problem 12-24 (Algo) Prepare a contribution margin format income statement; calculate breakeven point LO 127,128,129,1211 Presented here is the income statement for Fairchlid Company for Narch: . Based on an analysis of cost behavior patterns, it has been determined that the company's contribution margin ratio is 26% Required: a. Reartange the preceding income statement to the contribution margin format. b. Calculate operating income if sales volume increases by 6%. c. Calculate the amount of revenue required for Fairchild to break even Complete this question by entering your answers in the tabs below. Calculate operating income if sales volume increases by 6%. Noter Do not round intermediate calculations
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