Compute the contribution Margin Income statement
Zins Corporation produces and sells a single product. The company contribution format income statement for August appears below:
|
Sales (1,000 units)
|
$95,000
|
|
Variable expenses
|
66,000
|
|
Contribution margin
|
29,000
|
|
Fixed expenses
|
23,800
|
|
Net operating income
|
$5,200
|
Required:
Redo the company contribution format income statement assuming that the company sells 1,400 units.