Shown here is an income statement in the traditional format for a firm with a...
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Shown here is an income statement in the traditional format for a firm with a sales volume of units. Cost formulas also are shown: Revenues $ Cost of goods sold $ $unit Gross profit $ Operating expenses: Selling $ $unit Administrative $ $unit Operating income $ Required: Prepare an income statement in the contribution margin format. Calculate the contribution margin per unit and the contribution margin ratio. Calculate the firm's operating income or loss if the volume changed from units to units. units. Refer to your answer to part a for total revenues of $ Calculate the firms operating income or loss if unit selling price and variable expenses per unit do not change and total revenues Increase by $ Decrease by $
Shown here is an income statement in the traditional format for a firm with a sales volume of units. Cost formulas also are shown:
Revenues $
Cost of goods sold $ $unit
Gross profit $
Operating expenses:
Selling $ $unit
Administrative $ $unit
Operating income $
Required:
Prepare an income statement in the contribution margin format.
Calculate the contribution margin per unit and the contribution margin ratio.
Calculate the firm's operating income or loss if the volume changed from units to
units.
units.
Refer to your answer to part a for total revenues of $ Calculate the firms operating income or loss if unit selling price and variable expenses per unit do not change and total revenues
Increase by $
Decrease by $
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