Jetson Co sold 20,400 units of its only product and incurred a $53,368 loss (ignoring taxes) for the current year as shown here During a planning session for year 2012s activities, the production manager notes that variable costs can be reduced 50 by installing a machine that automates several operations To obtain these savings, the company must increase its annual fixed costs by $154,000 The maximum output capacity of the company is 40,000 units per year JETSON COMPANY Contribution Margin Income Statement For Year Ended December 31, 2011 Sales $ 773,160 Variable costs 618,528 Contribution margin 154,632 Fixed costs 208,000 Net loss $ (53,368 ) 5 Prepare a forecasted contribution margin income statement that shows the results at the sales level computed in part 4, Assume an income tax rate of 35 (Input all amounts as positive values Round your Sales level required in units to nearest whole number Round your intermediate calculations to 2 decimal places and final answers to the nearest whole number Omit the $ sign in your response ) JETSON COMPANY Forecasted Contribution Margin Income Statement (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) For Year Ended December 31, 2012 (Click to select) (Click to select)

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Jetson Co. sold 20,400 units of its only product and incurred a $53,368 loss (ignoring taxes) for the current year as shown here. During a

Jetson Co. sold 20,400 units of its only product and incurred a $53,368 loss (ignoring taxes) for the current year as shown here. During a planning session for year 2012s activities, the production manager notes that variable costs can be reduced 50% by installing a machine that automates several operations. To obtain these savings, the company must increase its annual fixed costs by $154,000. The maximum output capacity of the company is 40,000 units per year.

JETSON COMPANY Contribution Margin Income Statement For Year Ended December 31, 2011
Sales	$	773,160
Variable costs		618,528

Contribution margin		154,632
Fixed costs		208,000

Net loss	$	(53,368	)

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5. Prepare a forecasted contribution margin income statement that shows the results at the sales level computed in part 4, Assume an income tax rate of 35%. (Input all amounts as positive values. Round your "Sales level required in units" to nearest whole number. Round your intermediate calculations to 2 decimal places and final answers to the nearest whole number. Omit the "$" sign in your response.) JETSON COMPANY Forecasted Contribution Margin Income Statement (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) For Year Ended December 31, 2012 (Click to select) (Click to select)