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Kindly solve with all steps explanation Example 2 : the following is the income statement of Giza Co . for the period ended December 3

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Kindly solve with all steps explanation Example 2: the following is the income statement of Giza Co. for the period ended December 31,2011: Exercise:
The following is the income statement of Giza Co. for the period ended December 31,2011 :
\table[[Description,Product X,Product Y,Product Z,Total]]
\table[[Sales Revenue,,,,],[- Variable cost,50,000,60,000,90,000,],[Contribution margin,30,000,?,72,000,],[- Avoidable fixed cost,?,15,000,,],[- Unavoidable fixed cost,?,5,000,20,000,],[Net income (loss),10,000,12,000,5,000,]]
Required:
Complete the income statement
Do you advise the company to delete any product?
If the company can increase the sales of all products by 20%, do you still advice the company to delete any product? Justify?
\table[[Description,Product X,Product Y,Product Z,Total],[Sales Revenue,40,000,60,000,100,000,?],[Less: Variable cost,?,?,(55,000),?],[Contribution margin,10,000,?,?,?],[Less: Avoidable fixed cost,(11,000),(5,000),(4,000),?],[Less: Unavoidable fixed cost,(8,000),(12,000),?,?],[Net income (loss),?,3,000,21,000,?]]
Required:
1- Complete the income statement
2- Do you advise the company to delete any product?
3- If the company can increase the sales of all products by 20%, do you still advice the company to delete any product? Justify?
thanks
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