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Presented here is the income statement for Big Sky Incorporated for the month of February: Sales $ 6 0 , 0 0 0 Cost of
Presented here is the income statement for Big Sky Incorporated for the month of February:
Sales $
Cost of goods sold
Gross profit $
Operating expenses
Operating loss $
Based on an analysis of cost behavior patterns, it has been determined that the company's contribution margin ratio is
Required:
Rearrange the preceding income statement to the contribution margin format.
If sales increase by what will be the firm's operating income or loss
Calculate the amount of revenue required for Big Sky to break even.
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