Colen Corporation produces and sells a single product. In October, the company s
ID: 2426874 • Letter: C
Question
Colen Corporation produces and sells a single product. In October, the company sold 2,000 units. Its total sales were $163,000, its total variable expenses were $80,900, and its total fixed expenses were $57,800.
Construct the company's contribution format income statement for October.?
Redo the company's contribution format income statement assuming that the company sells 1,900 units
Construct the company's contribution format income statement for October.?
Redo the company's contribution format income statement assuming that the company sells 1,900 units
Explanation / Answer
Colen Corporation Contribution format Income Statement For the month of October Details Amt per Unit $ Total Amt $ Units sold 2,000 Sales Revenue 81.50 163,000 Less Variable Expenses 40.45 80,900 Contribution Margin 41.05 82,100 Total Fixed Cost 57,800 Net Operating Income 24,300 When sales=1900 units Colen Corporation Contribution format Income Statement For the month of October Details Amt per Unit $ Total Amt $ Units sold 1,900 Sales Revenue 81.50 154,850 Less Variable Expenses 40.45 76,855 Contribution Margin 41.05 77,995 Total Fixed Cost 57,800 Net Operating Income 20,195