Rooney Company makes and sells products with variable costs of $$24$ each. Rooney incurs annual fixed costs of

$$466,200.$ The current sales price is $$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 $$30$ per unit and fixed costs are $$313,600,$ 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.

Answer is complete but not entirely correct.

Complete this question by entering your answers in the tabs below.

Req F$2$

If variable cost rises to $$30$ per unit and fixed costs are $$313,600,$ prepare an income statement using the contribution

margin format.