23. Convert the following traditional income statement into a contribution margin income statement. Contribution margin ratio = 35%. If 1,000 units are being produced and sold, what is the variable cost per unit? What is the cost formula? Sales COGS Gross Margin Oper. Exps. Oper. Income $100,000 60,000 40,000 25,000 15,000
23. Convert the following traditional income statement into a contribution margin income statement. Contribution margin ratio = 35%. If 1,000 units are being produced and sold, what is the variable cost per unit? What is the cost formula? Sales COGS Gross Margin Oper. Exps. Oper. Income $100,000 60,000 40,000 25,000 15,000
Chapter3: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 1EA: Calculate the per-unit contribution margin of a product that has a sale price of $200 if the...
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![23. Convert the following traditional income statement into a contribution margin
income statement. Contribution margin ratio = 35%. If 1,000 units are being produced and sold, what
is the variable cost per unit? What is the cost formula?
Sales
COGS
Gross Margin
Oper. Exps.
Oper. Income
$100,000
60,000
40,000
25,000
15,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Faadd23fc-54ac-4ee8-94d2-3a947a8bc409%2F8343abb9-9204-4366-8976-5a49fa58a2a8%2Fzdvcpf_processed.jpeg&w=3840&q=75)
Transcribed Image Text:23. Convert the following traditional income statement into a contribution margin
income statement. Contribution margin ratio = 35%. If 1,000 units are being produced and sold, what
is the variable cost per unit? What is the cost formula?
Sales
COGS
Gross Margin
Oper. Exps.
Oper. Income
$100,000
60,000
40,000
25,000
15,000
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