Requirement #1: Complete the Per Unit and % columns in the income statement

Requirement #2: Calculate the sales dollars, fixed expenses, and total expenses for 0 units and 50,000 units

Data Inputs: Expected unit sales 40,000

Selling price per unit $12.50

Variable expense per unit $7.50

Total fixed expenses $180,000

Contribution Format Income Statement

Total Per Unit %

Sales $500,000

Variable expenses 300,000

Contribution margin 200,000

Fixed expenses 180,000

Net operating income $20,000

Net profit margin percentage 4.00%