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Sales 415,000 Variable costs ration =.68 total variable cost 282,200 Contribution margin ratio=.32 contribution margin 132,800 Total fixed costs 63,000 Operating income 69,800 Suppose actual
Sales 415,000 Variable costs ration =.68
total variable cost 282,200 Contribution margin ratio=.32
contribution margin 132,800
Total fixed costs 63,000
Operating income 69,800
Suppose actual revenues are $30,000 more than budgeted. Operating income increases by 9,600
Prepare a new contribution margin income statement. (please help complete the statement below)
Sales____________
Variable costs___________
Contribution margin____________
Fixed costs=63,000
Operating income_____________
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