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Presented here is the income statement for Fairchild Co. for March: Sales Cost of goods sold Gross profit Operating expenses Operating income 585,000 42,500 $42,58a
Presented here is the income statement for Fairchild Co. for March: Sales Cost of goods sold Gross profit Operating expenses Operating income 585,000 42,500 $42,58a 32,000 $10,500 Based on an analysis of cost behavior patterns, it has been determined that the company's contribution margin ratio is 34% Required: a. Rearrange the preceding income statement to the contribution margin format. b. Calculate operating income if sales volume increases by 6% c. Calculate the amount of revenue required for Fairchild to break even. Complete this question by entering your answers in the tabs below. Required A Required Required Rearrange the preceding income statement to the contribution margin format. u alle operating income il sales volume increases by 6% c. Calculate the amount of revenue required for Fairchild to break even Pet Complete this question by entering your answers in the tabs below. ferences Required A Ruired B Required Calculate operating income if sales volume increases by 6%. (Do not round intermedute calculations.)
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