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QS 18-11 (Algo) Preparing a contribution margin income statement LO P2 Zhao Company has fixed costs of $378,200. its single product sells for $179 per
QS 18-11 (Algo) Preparing a contribution margin income statement LO P2 Zhao Company has fixed costs of $378,200. its single product sells for $179 per unit, and variable costs are $118 per unit. The company reports sales of 10,000 units. Prepare a contribution margin income statement for the year ended December 31. A jeans maker is designing a new line of jeans called Slams. Slams will sell for $365 per unit and cost $262.80 per unit in variable costs to make. Fixed costs total $64,000. (Round your answers to 2 decimal places.)
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