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Contribution Margin Review the contribution margin income statements for Cover-to-Cover Company and Biblio Files Company on their respective Income Statements. Complete the following table from
Contribution Margin Review the contribution margin income statements for Cover-to-Cover Company and Biblio Files Company on their respective Income Statements. Complete the following table from the data provided on the income statements. Each company sold 84,800 units during the year. Cover-to-Cover Biblio Files Company Company Contribution margin ratio (percent) % Unit contribution margin Break-even sales (units) Break-even sales (dollars) Income Statement - Cover-to-Cover Cover-to-Cover Company Contribution Margin Income Statement For the Year Ended December 31, 20YS Sales $424,000 Variable costs: Manufacturing expense $254,400 Selling expense 21,200 Administrative expense 63,600 (339,200) Contribution margin $84,800 Fixed costs: Manufacturing expense $5,000 Selling expense 4,000 Administrative expense 12,200 (21,200) Operating income $63,600 Income Statement - Biblio Files Previous Check My Work 2 more Check My Work uses remaining Save and Exit Submit Test for Grading 3:09 PM ON O 9 5/13/2021 19 PgDF12 Del PgUP F11 DI F3 FS 2- FT Prtsch Home F9 JX FA 1" FG End F10 Ins Backspace @ AL 7 2 U O P W E R Y En K G S D F B N M X C Alt B Alt
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