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The following CVP income statements are available for Oldham Company and Newton Company: Sales revenue Variable costs Contribution margin Fixed costs Operating income Oldham Company

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The following CVP income statements are available for Oldham Company and Newton Company: Sales revenue Variable costs Contribution margin Fixed costs Operating income Oldham Company $385,000 192,500 192,500 142,500 $50,000 Newton Company $385,000 77,000 308,000 258,000 $50,000 Assuming that sales revenue increases by 20W, prepare a variable cost income statement for each company Oldham Newton Company Company Sales Variable costs Contribution margin Fored costs Ing income Ada Less 11 LINK TO TEXT TO TEXT TOTEX Asuming that sales revenue decreases by 20%, prepare a variable cost income statement for each company (Enter losing the antive me ...(45):) Oldham Company Newton Company Variable Contribution margin red.co Operating income

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