Assume that a company has forecasted 5,800 units sold, has an average selling price of $25.00 per unit, unit variable cost of $10.00 per unit, and a total fixed cost equal to $84,000. Using the template provided, perform the following analyses:

a. Create a Contribution-format Income Statement based on the forecasted data

b. Create a Contribution-format Income Statement based on the Break-even Sales Volume

c. Create a Contribution-format Income Statement based on a target profit equal to $6,000

INCOME STATEMENTS

Forecast

Break-even

Target Profit

Total

Per Unit

%

Total

Per Unit

%

Total

Per Unit

%

Number of units sold

Price/Revenues

Variable Cost

Contribution Margin

Total Fixed Cost

Operating Profit

Operating Profit %