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Below is the income statement for Anderson Company: Sales $ 300,000 Variable costs Contribution margin (135,000 $ 165,000 _199,000) $ 66,000 Fixed costs Operating income
Below is the income statement for Anderson Company: Sales $ 300,000 Variable costs Contribution margin (135,000 $ 165,000 _199,000) $ 66,000 Fixed costs Operating income Using the information above of Anderson Company, answer the following three questions. Refer to Anderson Company. Based on the cost and revenue structure on the income statement, what was Anderson's break-even point in dollars? O $180,000 O $220,000 O $120,000 $54,450 Refer to Anderson Company. What was Anderson's margin of safety? $246,000 $120,000 O $180,000 O $80,000 Refer to Anderson Company. If fixed costs of $99,000, variable cost per unit and unit sales price remain the same next year, how much is the expected operating income if sales increases by 20 percent next year from the of the current year? O $198,000 O$99,000 O $33,000 O $79,200
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