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Return to question Required information [ The following information applies to the questions displayed below.] Campbell Company makes and sells products with variable costs of
Return to question Required information [ The following information applies to the questions displayed below.] Campbell Company makes and sells products with variable costs of $24 each. Campbell incurs annual fixed costs of $365,400. The current sales price is $87. Note: The requirements of this question are interdependent. For example, the $252,000 desired profit introduced in Requirement c also applies to subsequent requirements. Likewise, the $80 sales price introduced in Requirement d applies to the subsequent requirements. Required f. If variable cost rises to $30 per unit and fixed costs are $291,200, what level of sales is required to earn the desired profit? Express your answer in units and dollars. Prepare an income statement using the contribution margin format.f. If variable cost rises to $30 per unit and fixed costs are $291,200, what level of sales is required to earn the desired profit? Express your answer in units and dollars. Prepare an income statement using the contribution margin format. x Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Req F1 Req F2 If variable cost rises to $30 per unit and fixed costs are $291,200, what level of sales is required to earn the desired profit? Express your answer in units and dollars. Note: Do not round intermediate calculations. Round your final answers to the nearest dollar and round units up to the next whole unit. Show less A Sales volume in units 10,864 X Sales volume in dollars 869, 120 XReq F1 Req F2 If variable cost rises to $30 per unit and fixed costs are $291,200, prepare an income statement using the contribution margin format. CAMPBELL COMPANY Income Statement Sales $ 869, 120 Variable cost 359,920 X Contribution margin $ 543,200 X Fixed cost 252,000 X Net income $ 252,000 X
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