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gogolik [260]
3 years ago
13

Zhao Co. has fixed costs of $354,000. Its single product sells for $175 per unit, and variable costs are $116 per unit. The comp

any expects sales of 10,000 units. Prepare a contribution margin income statement for the year ended December 31, 2019.
Business
1 answer:
Elden [556K]3 years ago
8 0

Answer:

Contribution margin income statement for the year ended December 31, 2019

Sales (10,000×$175)                              1,750,000

Less Variable Costs (10,000×$116)      (1,160,000)

Contribution                                             590,000

Less Fixed Costs                                    (354,000)

Net Income/(loss)                                    236,000

Explanation:

Variable Costing Income = Contribution - Fixed Costs

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Nostrana [21]

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8 0
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Answer:

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