5. Prepare a forecasted contribution margin income statement that shows the results at the sales level computed in part 4 Assume an income tax rate of 30% (Input all amounts as positive value your "Sales level required in units" to nearest whole number. Round your intermediate calculations to 2 decimal places and final answers to the nearest whole number. Omit the "$ sign in your response.) s. Round JETSON COMPANY Forecasted Contribution Margin Income Statement For Year Ended December 31, 2012 Sales 662400 Variable costs Contribution margin Fixed costs Income before income taxes 4540 Income taxes 10592 Net income Jetson Co. sold 19,300 units of its only product and incurred a $54,940 loss (ignoring taxes) for the current year as shown here. During a planning session for year 2012's activities, the production manager notes that variable costs can be reduced 40% by installing a machine that automates several operations. To obtain these savings, the company must increase its annual fixed costs by $143,000. of the company is 40.000 units per year The maximum output capacity JETSON COMPANY Contribution Margin Income Statement For Year Ended December 31, 2011 Sales 710.240 Variable costs 532,680 Contribution margirn Fixed costs 177,560 232,500 Net loss (54,940) 5. Prepare a forecasted contribution margin income statement that shows the results at the sales level computed in part 4 Assume an income tax rate of 30% (Input all amounts as positive value your "Sales level required in units" to nearest whole number. Round your intermediate calculations to 2 decimal places and final answers to the nearest whole number. Omit the "$ sign in your response.) s. Round JETSON COMPANY Forecasted Contribution Margin Income Statement For Year Ended December 31, 2012 Sales 662400 Variable costs Contribution margin Fixed costs Income before income taxes 4540 Income taxes 10592 Net income Jetson Co. sold 19,300 units of its only product and incurred a $54,940 loss (ignoring taxes) for the current year as shown here. During a planning session for year 2012's activities, the production manager notes that variable costs can be reduced 40% by installing a machine that automates several operations. To obtain these savings, the company must increase its annual fixed costs by $143,000. of the company is 40.000 units per year The maximum output capacity JETSON COMPANY Contribution Margin Income Statement For Year Ended December 31, 2011 Sales 710.240 Variable costs 532,680 Contribution margirn Fixed costs 177,560 232,500 Net loss (54,940)
