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Ask an expertShown here is an income statement in the traditional format for a firm with a sales volume of 7 , 7 0 0
Ask an expertShown here is an income statement in the traditional format for a firm with a sales volume of units. Cost formulas also are shown:
Required:
a Prepare an income statement in the contribution margin format.
b Calculate the contribution margin per unit and the contribution margin ratio.
c Calculate the firm's operating income or loss if the volume changed from units to
units.
units.
d Refer to your answer to part a for total revenues of $ Calculate the firm's operating income or loss if unit selling price and
variable expenses per unit do not change and total revenues
Increase by $
Decrease by $
Complete this question by entering your answers in the tabs below.
Calculate the firm's operating income or loss if the volume changed from units to units. Refer to your answer to
part a for total revenues of $
Note: Do not round intermediate calculations.
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