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Presented here is the income statement for Fairchild Company for March: Sales Cost of goods sold Gross profit Operating expenses Operating income $ 82,500

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Presented here is the income statement for Fairchild Company for March: Sales Cost of goods sold Gross profit Operating expenses Operating income $ 82,500 42,000 $ 40,500 32,000 $ 8,500 Based on an analysis of cost behavior patterns, it has been determined that the company's contribution margin ratio is 31%. Required: a. Rearrange the preceding income statement to the contribution margin format. b. Calculate operating income if sales volume increases by 10%. 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 B Required C Rearrange the preceding income statement to the contribution margin format. $ 0 $ 0

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