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I just need the last part Morton Company's contribution format income statement for last month is gi- Sales (47,000 units X $25 per unit) Variable
I just need the last part
Morton Company's contribution format income statement for last month is gi- Sales (47,000 units X $25 per unit) Variable expenses Contribution margin Fixed expenses Net operating income $ 1,175,000 822,500 352,500 282,000 $ 70,500 The industry in which Morton Company operates is quite sensitive to cyclical considerably from year to year according to general economic conditions. Th- and is studying ways of improving profits Required: 1. New equipment has come onto the market that would allow Morton Compa expenses would be reduced by $750 per unit. However, fixed expenses wou Prepare two contribution format income statements, one showing present ope appear if the new equipment is purchased. 2. Refer to the income statements in (1). For the present operations and the pr operating leverage. (b) the break even point in dollar sales, and (c) the marginStep by Step Solution
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