Presented here is the income statement for Fairchild Company for March: Sales Cost of goods sold...

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Presented here is the income statement for Fairchild Company for March: Sales Cost of goods sold Gross profit $82,000 40,500 $ 41,500 Operating expenses 30.500 Operating income $ 11,000 Based on an analysis of cost behavior patterns, it has been determined that the company's contribution margin ratio is 33% Required: a. Rearrange the preceding income statement to the contribution margin format b. Calculate operating income if sales volume increases by 10% c. Calculate the amount of revenue required for Fairchild to break even Presented here is the income statement for Fairchild Company for March: Sales Cost of goods sold Gross profit $82,000 40,500 $ 41,500 Operating expenses 30.500 Operating income $ 11,000 Based on an analysis of cost behavior patterns, it has been determined that the company's contribution margin ratio is 33% Required: a. Rearrange the preceding income statement to the contribution margin format b. Calculate operating income if sales volume increases by 10% c. Calculate the amount of revenue required for Fairchild to break even

Answer rating: 100% (QA)

a Rearranged Income Statement in Contribution Margin Format Sales 82000 Variable Expenses Cost of Go... View the full answer