Question: Problem 12-23 (Algo) Prepare a contribution margin format income statement; calculate breakeven point LO 127,128,129,1211 Presented here is the income statement for Big Sky Incorporated
Problem 12-23 (Algo) Prepare a contribution margin format income statement; calculate breakeven point LO 127,128,129,1211 Presented here is the income statement for Big Sky Incorporated for the month of February: Based on an analysis of cost behavior putterns, it has been determined that the componys contribution margin ratio is 15%. Required: o. Rearrange the preceding income statement to the contribution margin format: b. If sales increase by 10%, what will be the firm's operating income (or loss)? c. Caiculate 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 10%, whot will be the firm's operating income (or loss)? Note. Do not round intermediate calculations
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