Question: Problem 12-24 (Algo) Prepare a contribution margin format income statement; calculate breakeven point LO 12-7, 12-8, 12-9, 12-11 Presented here is the income statement for

 Problem 12-24 (Algo) Prepare a contribution margin format income statement; calculatebreakeven point LO 12-7, 12-8, 12-9, 12-11 Presented here is the incomestatement for Fairchild Company for March: Based on an analysis of costbehavior patterns, it has been determined that the company's contribution margin ratio

Problem 12-24 (Algo) Prepare a contribution margin format income statement; calculate breakeven point LO 12-7, 12-8, 12-9, 12-11 Presented here is the income statement for Fairchild Company for March: Based on an analysis of cost behavior patterns, it has been determined that the company's contribution margin ratio is 30%. Required: a. Rearrange the preceding income statement to the contribution margin format. b. Calculate operating income if sales volume increases by 8%. c. Calculate the amount of revenue required for Fairchild to break even. Complete this question by entering your answers in the tabs below. Rearrange the preceding income statement to the contribution margin format. Calculate operating income if sales volume increases by 8%. Note: Do not round intermediate calculations. Calculate the amount of revenue required for Fairchild to break even

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