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The year end income statement for Sophie Corporation is presented belc Sophie Corporation Income Statement For the Year Ended December 31, 2019 Sales (560 units)
The year end income statement for Sophie Corporation is presented belc Sophie Corporation Income Statement For the Year Ended December 31, 2019 Sales (560 units) $28,000 Cost of Goods Sold Labor $7,000 Material $8,400 Fixed Overhead $1,400 $16,800 Gross Profit $11.2001 Administrative Expense Fixed $4,200 Variable $2,800 $7,000 Operating Income $4,200 Do not enter dollar signs or commas in the input boxes. Round all answers to the nearest whole number. For Unit calculations round your answers up to the nearest whole number a) Calculate the Contribution Margin and Operating Income for the year. Contribution Margin: $ 21000
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