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B & C answers please.. Presented here is the income statement for Fairchild Co. for March: Sales Cost of goods sold Gross profit Operating expenses
B & C answers please..
Presented here is the income statement for Fairchild Co. for March: Sales Cost of goods sold Gross profit Operating expenses Operating income $83,000 40,500 $42,500 32,000 $10,500 Based on an analysis of cost behavior patterns, it has been determined that the company's contribution margin ratio is 29%. Required: a. Rearrange the preceding income statement to the contribution margin format. b. Calculate operating income if sales volume increases by 9%. c. Calculate the amount of revenue required for Fairchild to break even. Answer is not complete. Complete this question by entering your answers in the tabs below. Required A Required B Required Calculate the amount of revenue required for Fairchild to break even. Break evenStep by Step Solution
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