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Problem 12.23 lL07,3,9,IE|I11 Prepare a contribution margin format income statement; calculate breakeven point Presented here is the income statement for Big Shot Inc. for the
Problem 12.23 l\"L07,3,9,IE|I11 Prepare a contribution margin format income statement; calculate breakeven point Presented here is the income statement for Big Shot Inc. for the month of May: Based on an analysis of cost behavior patterns, it has been determined that the company's contribution margin ratio is 20%. Required: a. Rearrange the preceding income statement to the contribution margin format. I). If sales increase by 30%, what will be the rm's operating income? c. Calculate the amount of revenue required for Big Shot to break even
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