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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 $79,500 41,500 30.500
Presented here is the income statement for Fairchild Co. for March Sales Cost of goods sold Gross profit Operating expenses Operating income $79,500 41,500 30.500 7,500 Based on an analysis of cost behavior patterns, it has been determined that the company's contribution margin ratio is 26% Required a. Rearrange the preceding income statement to the contribution margin format ales riable expenses ontribution margin ixed expenses $ 79,500 58,830 $ 20,670 13,170 $ 7,500 Operating income b. Calculate operating income if sales volume increases by 9%. (Do not round intermediate calculations.) erating income c. Calculate the amount of revenue required for Fairchild to break-even Break-even
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