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Finger [1]
2 years ago
7

Assume the new plant is built and that next year the company manufactures and sells 30,000 balls (the same number as sold last y

ear). Prepare a contribution format income statement and compute the degree of operating leverage.
Business
1 answer:
Olin [163]2 years ago
3 0

Answer:

Instructions are listed below.

Explanation:

A Contribution Margin Income Statement is a special format of the income statement that segregates the variable and fixed expenses involved in running a business. It shows the revenue generated after deducting all variable and fixed expenses separately.

Sales=

Variable costs:

Cost of good sold=

Sales commissions=

Shipping expense=

Total variable cost (-)

Contribution margin=

Fixed costs:

Advertising expense=  

Shipping expense=

Administrative salaries=

Insurance expense=

Depreciation expense=

Total fixed cost= (-)

Net operating profit=

Degree of operating leverage= % change in EBIT/ % change in sales

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