Income Statement - Cover-to-Cover Cover-to-Cover Company Contribution Margin Income Statement For the Year Ended December 31, 2018 Sales $404,000 $242,400 20,200 60,600 (323,200) Variable costs: Manufacturing expense Selling expense Administrative expense Contribution margin Fixed costs: Manufacturing expense Selling expense Administrative expense $80,800 $5,000 4,000 11,200 (20,200) Operating income $60,600 Income Statement - Biblio Files Biblio Files Company Contribution Margin Income Statement For the Year Ended December 31, 2018 Sales $404,000 Biblio Files Company Contribution Margin Income Statement For the Year Ended December 31, 2018 Sales $404,000 Variable costs: Manufacturing expense $161,600 Selling expense 16,160 Administrative expense 64,640 (242,400) Contribution margin $161,600 Fixed costs: Manufacturing expense $83,000 Selling expense 8,000 Administrative expense 10,000 (101,000) Operating income $60,600 Sales Mix Biblio Files Company is making plans for its next fiscal year, and decides to sell two new types of b product offerings Sales Price Variable Cost Type of Bookshelf per Unit per Unit Basic $5.00 $1.75 7 Type of Sales Price Variable Cost Bookshelf per Unit per Unit Rad 15.00 $1.75 Delu 9,00 3.10 The company is interested in determining how many of each type of bookshelf would have to be sold in order to break even if we think of the Basic and Deluxe products as components of one overall enterprise product called "Combined the unit contribution margin for the combined product would be $2.01. bed costs for the upcoming year are estimated at $28,020. Recall that the totals of all the my percent mont be 100. Determine the amounts to complete the following table Type of Percent of tireak Even Sales Break Even Sales Bookshell Sales MIX In Units in Dollars Basic belum Target Profit Italer again to the income statements for over to cover company and Company on their respective Income Statement. Note that both companies have the same and net income As questions that follow assuming that all data for the coming year the same as the current except for the amount of sales 1. Cover-to-cower Company wants to increase trofit by 40,000 in the coming war, what must their amount of sales 2. If Company wants to lecrease its protit by 540 000 in the coming year what must chall amount of sales de