Need help with part C$.$ Prepare a single$-$column CVP income statement based on current activity.

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CVP Income Statement

$

Contributi ta ga gor cetal.

$($a$)$

Yeurcowerlu cams:

$45\mathrm{.}25001$

$($d$)$on Margin

$

Solution

Attempts: $2$ of $2$ used

$($b$)$

Your Answer

Carract Answer

Your answer is correct.

Compute the contribution margin ratio, break$-$even point in sales dollars, margin of safety ratio, and degree of operating leverage

based on current activity. $($Round margin of safety ratio to $2$ decimal places, e$.2\mathrm{.}55\%$ or $2\mathrm{.}55$ and other answers to $0$ decimal places,

e$.$g$.2\mathrm{.}520\mathrm{.}1$

Contribution margin ratio

Break$-$zvan point in dollars $

Margin of safaty ratio

$96$

Degree of operating leverage

Solutlon

Attempts: $2$ of $2$ used

$($c$)$

Prepare a single$-$column CVP income statement assuming that the compary invests in the automatad upholstery system.

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CVP Income Statement