Question: oped ook ences Presented here is the income statement for Big Sky Incorporated for the month of February: Sales Cost of goods sold Gross profit

oped ook ences Presented here is the income statement for Big Sky Incorporated for the month of February: Sales Cost of goods sold Gross profit Operating expenses Operating loss $ 61,000 50, 100 $ 10,900 13,600 $ (2,700) Based on an analysis of cost behavior patterns, it has been determined that the company's contribution margin ratio is 19%. Required: a. Rearrange the preceding income statement to the contribution margin format. b. If sales increase by 15%, what will be the firm's operating income (or loss)? c. Calculate the amount of revenue required for Big Sky to break even. Complete this question by entering your answers in the tabs below. Required A Required B Required C Rearrange the preceding income statement to the contribution margin format.

Gross profit Operating expenses Operating loss $ 61,000 50, 100 $ 10,900

13,600 $ (2,700) Based on an analysis of cost behavior patterns, it

Presented here is the income statement for Big Sky Incorporated for the month of February: Based on an analysis of cost behavior patterns, it has been determined that the company's contribution margin ratio is 19%. Required: a. Rearrange the preceding income statement to the contribution margin format b. If sales increase by 15%, what will be the firm's operating income (or loss)? c. Calculate the amount of revenue required for Big Sky to break even. Complete this question by entering your answers in the tabs below. Rearrance the preceding income statement to the contribution marain format. a. Rearrange the preceding income statement to the contribution margin format. b. If sales increase by 15%, what will be the firm's operating income (or loss)? c. Calculate the amount of revenue required for Big Sky to break even. Complete this question by entering your answers in the tabs below. Rearrange the preceding income statement to the contribution margin format. a. Rearrange the preceding income statement to the contribution margin format. b. If sales increase by 15%, what will be the firm's operating income (or loss)? c. Calculate the amount of revenue required for Big Sky to break even. Complete this question by entering your answers in the tabs below. If sales increase by 15%, what will be the firm's operating income (or loss)? Note: Do not round intermediate calculations. a. Rearrange the preceding income statement to the contribution margin format. b. If sales increase by 15%, what will be the firm's operating income (or loss)? c. Calculate the amount of revenue required for Big Sky to break even. Complete this question by entering your answers in the tabs below. Calculate the amount of revenue required for Big Sky to break even

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