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*** NO NEED FOR EXPLANATIONS. JUST THE ANSWR PLEASE *** Supreme Door Company sells prehung doors to home builders. the doors are sold for $60
*** NO NEED FOR EXPLANATIONS. JUST THE ANSWR PLEASE ***
Supreme Door Company sells prehung doors to home builders. the doors are sold for $60 each. Variable costs are $42 per door, and fixed costs total $450,000 per year. the company is currently selling 30,000 doors per year. Required: Prepare a contribution-format income statement for the company at the present level of sales. (Omit the "$" sign in your response.) Sales Variable expenses Contribution Margin Fixed Expenses Operating Income Compute the degree of operating leverage. Degree of operating leverage Management is confident that the company can sell 37, 500 doors next year (an increase of 7, 500 doors, or 25%, over current sales). Compute the following: the expected percentage increase in operating income for next year. (Omit the "%" sign in your response.) Increase in operating income % the expected operating income for next year. (Do not prepare an income statement: use the degree of operating leverage to compute your answer.) (Omit the "$" sign in your response.) Expected operating income $
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