Below is an income statement for Rosie’s Flowers, prepared for internal management use.

Required:
Rewrite the income statement using a contribution margin approach and a sales level of 20 000 units.

Transcribed Image Text:

Rosie's Flowers Projected income statement For the year ended 31 December 20X9 Revenues: Sales (16 000 units) Less: Total variable costs Less: Total fixed costs Profit for year $80 000 $20 000 $ 8000 $52 000