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18-2 I can't figure out what goes into the last two blacks. Cooper Company expects to sell 190,000 units of its product next year, which
18-2
I can't figure out what goes into the last two blacks.
Cooper Company expects to sell 190,000 units of its product next year, which would generate total sales of $15,960,000. Management predicts that pretax net income for next year will be $1,240,000 and that the contribution margin per unit will be $26. Complete the below table to calculate the next years total expected variable costs and fixed costs.
COOPER COMPANY Forecasted Contribution Margin Income Statement Units $per unit 190,000 $ 190,000 190,000$ 84 $ 15,960,000 5811,020,000 26 Sales Less Variable costs Contribution margin 4,940,000 Less Fixed costs Income before taxesStep by Step Solution
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