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The Schmidt Company retails two products: a standard and a deluxe version of a luggage carrier. The budgeted income statement for next period is
The Schmidt Company retails two products: a standard and a deluxe version of a luggage carrier. The budgeted income statement for next period is as follows: (Click the icon to view the budgeted income statement.) Data Table - Standard Carrier Deluxe Carrier 108,000 Total 72,000 180,000 Units sold Revenues at $30 and $43 per unit $ 3,240,000 $ 3,096,000 $ 6,336,000 2,376,000 1,944,000 4,320,000 Variable costs at $22 and $27 per unit 864,000 $ 1,152,000 Contribution margins at $8 and $16 per unit 2,016,000 1,400,000 Fixed costs Operating income $ 616,000
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