Mouse Pad Computer Company, in addition to its retail sales, conducts night classes in computer technology. Mouse

Question:

Mouse Pad Computer Company, in addition to its retail sales, conducts night classes in computer technology. Mouse Pad has provided you the following information:
Number of students................................................................. 120
Revenue per student............................................................... $450
Student-related variable costs....................................... $100 per student
Salary for three instructors................................................ $1,800 each
Administrative costs................................................... $30 per student
Maintenance on building............................................. $15,000 per year
Construct a format income statement in good form
Contribution Margin
Contribution margin is an important element of cost volume profit analysis that managers carry out to assess the maximum number of units that are required to be at the breakeven point. Contribution margin is the profit before fixed cost and taxes...