Use the information provided, the high low method and the contribution margin approach to prepare a...

 

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Use the information provided, the high low method and the contribution margin approach to prepare a contribution format income statement for 2024 (you only have two levels of activity, 2023 and 2024) Use your mixed cost formulas to create your contribution format statement. Reference the DATA cell(s) as provided to complete your statement below. Format as numbers. Round to 2 decimal places where appropriate Boyd Corporation Income Statement For the Year 2023 Sales Revenue $ 2,939,400 Cost of Goods Sold 1,760,000 Gross Profit 1,179,400 Selling and Administrative Expenses 597,000 Operating Income $ 582,400 Boyd sold 40 units in 2023 High Low Method (Show all calculations) Cost of Goods Sold Step 1-Variable cost per unit Step 2 - Fixed Cost Step 3 - Mixed Cost Formula Selling & Administrative Costs Step 1 - Variable cost per unit Step 2-Fixed Cost Step 3-Mixed Cost Formula Place your contribution form statement here. (in proper form) Use the information provided, the high low method and the contribution margin approach to prepare a contribution format income statement for 2024 (you only have two levels of activity, 2023 and 2024) Use your mixed cost formulas to create your contribution format statement. Reference the DATA cell(s) as provided to complete your statement below. Format as numbers. Round to 2 decimal places where appropriate Boyd Corporation Income Statement For the Year 2023 Sales Revenue $ 2,939,400 Cost of Goods Sold 1,760,000 Gross Profit 1,179,400 Selling and Administrative Expenses 597,000 Operating Income $ 582,400 Boyd sold 40 units in 2023 High Low Method (Show all calculations) Cost of Goods Sold Step 1-Variable cost per unit Step 2 - Fixed Cost Step 3 - Mixed Cost Formula Selling & Administrative Costs Step 1 - Variable cost per unit Step 2-Fixed Cost Step 3-Mixed Cost Formula Place your contribution form statement here. (in proper form)