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Category > Accounting Posted 29 May 2017 My Price 8.00

Prepare a contribution margin format income statement

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 8%. (Note: Do not construct an income statement to get your answer.)

c. Calculate the amount of revenue required for Fairchild to break even.

 

Answers

Alpha Geek
(8)
Status NEW Posted 29 May 2017 09:05 AM My Price 8.00

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file 1496050562-Answer.docx preview (122 words )
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