a. Rearrange the preceding income statement to the contribution margin format. b. Calculate operating income if sales volume increases by 10%. (Note: Do not con- struct an income statement to get your answer.) c. Calculate the amount of revenue required for Fairchild to break even.

12.24 Prepare a contribution margin format income statement; calculate breakeven 8, 9, 11 point Presented here is the income statement for Fairchild Co. 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 10%. (Note: Do not construct an income statement to get your answer.) c. Calculate the amount of revenue required for Fairchild to break even