Question
Heather and Feathers LLC produces and sells wooden feathers that are hand painted. The company has provided the following income statement for January: Sales (3,200
Heather and Feathers LLC produces and sells wooden feathers that are hand painted. The company has provided the following income statement for January:
| Sales (3,200 units) | $ | 252,800 | |
| Variable expenses | 118,400 | ||
| Contribution margin | 134,400 | ||
| Fixed expenses | 113,600 | ||
| Net operating income | $ | 20,800 | |
Required: Redo the company's contribution format income statement assuming that the company sells 3,600 units.
Net Operating Income:
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An Introduction To Statistical Sampling In Auditing
Authors: Dan M. Guy
1st Edition
0471042323, 978-0471042327
