Question: Exercise 18.14 (Algo) Contribution margin income statement LO C2 Sunn Company manufactures a single product that sells for $100 per unit and whose varlable costs

 Exercise 18.14 (Algo) Contribution margin income statement LO C2 Sunn Company

Exercise 18.14 (Algo) Contribution margin income statement LO C2 Sunn Company manufactures a single product that sells for $100 per unit and whose varlable costs are $126 per unit. The company's annual foxed costs are $621,000. The sales manager predicts that next year's annual sales of the company's product will be 39.100 units at a price of $191 per unit. Variable costs are predicted to increase to $131 per unit, but fixed costs will remain at $621,000. What amount of income can the company expect to earn under these predicted cthanges? Prepare a contribution margin income statement for the next year

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