ontribution margin analysis Labels and Amount Descriptions Instructions Farr Industries Inc, manufactures only one product. For the year ended December 31, the contribution margin increased by $560,000 from the planned level of $5,200,000. The president of Farr Industries Inc. has expressed concern about such a small increase in contribution margin and has requested a follow-up report. The following data have been gathered from the accounting records for the year ended December 31: Actual Planned Difference - Increase (Decrease) $1,400,000.00 2 Sales $30,000,000.00 $28,600,000.00 3 Variable costs: Contribution margin analysis Labels and Amount Descriptions Instructions Contribution Margin Analysis 1. Prepare a contribution margin analysis report for the year ended December 31. Refer to the lists of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. Be sure to complete the statement heading. A colon () will automatically appear it is required. For those boxes in which you must enter subtracted or negative numbers use a minus sign. Farr Industries Inc Contribution Margin Analysis Label 2 (Label) Total form ance in colae ontribution margin analysis Labels and Amount Descriptions Instructions Farr Industries Inc, manufactures only one product. For the year ended December 31, the contribution margin increased by $560,000 from the planned level of $5,200,000. The president of Farr Industries Inc. has expressed concern about such a small increase in contribution margin and has requested a follow-up report. The following data have been gathered from the accounting records for the year ended December 31: Actual Planned Difference - Increase (Decrease) $1,400,000.00 2 Sales $30,000,000.00 $28,600,000.00 3 Variable costs: Contribution margin analysis Labels and Amount Descriptions Instructions Contribution Margin Analysis 1. Prepare a contribution margin analysis report for the year ended December 31. Refer to the lists of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. Be sure to complete the statement heading. A colon () will automatically appear it is required. For those boxes in which you must enter subtracted or negative numbers use a minus sign. Farr Industries Inc Contribution Margin Analysis Label 2 (Label) Total form ance in colae