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thank you for the help :) Required: A. Prepare a contribution Margin Income Statement for the month of June. 8. All scenarios are referenced to

thank you for the help :) image text in transcribed
Required: A. Prepare a contribution Margin Income Statement for the month of June. 8. All scenarios are referenced to the above original data. Show calculations in a comparative contribution income statement B.1. The VP-Sales believes that if the selling price is lowered by $5, the company would sell 20% more untis. Would this be a good decision? B.2. The VP-Marketing believes that if TV advertising were increased by $200,000, the company could sell 25% more units. Would this be a good decision? B.3. The VP-Manufacturing believes that by using higher quality manufacturing materials, which will add $3 per unit more to the B.4. The CEO believes that if the selling price were increased by 10%, the company would make more money even if it resulted in a 2% decline in units sold. Is the CEO correct? B.5. The CEO believes that if the commission to the sales force is increased by $.30 to $1.50 per lamp, the selling price is lowered by *Prepare a Contribution Margin Income Statement for the month of June 2. BriteLite Lighting Co makes and sells lamps. The company has a factory in Wisconsin and a home office in Chicago The following information pertains to for the month of June: Number of lamps produced and sold 200,000 Selling Price $ 20.00 per lamp Rent on the factory Rent on the home office building Wages for lamp assembly line workers Cost of materials Cost of boxes for lamps Salaries for factory management Salaries for home office employees Utilities for the factory Advertising Sales Commission 20,000 40,000 400,000 800,000 220,000 40,000 90,000 22,000 31,000 $ 1.20 per lamp

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