Colen Corporation produces and sells a single product. In October, the company s
ID: 2449843 • Letter: C
Question
Colen Corporation produces and sells a single product. In October, the company sold 2,000 units. Its total sales were $148,000, its total variable expenses were $78,900, and its total fixed expenses were $55,800.
Construct the company's contribution format income statement for October. (Do not round intermediate calculations. Omit the "$" sign in your response.)
Redo the company's contribution format income statement assuming that the company sells 1,900 units. (Do not round intermediate calculations. Omit the "$" sign in your response.)
Construct the company's contribution format income statement for October. (Do not round intermediate calculations. Omit the "$" sign in your response.)
Explanation / Answer
B) Company sells 1900 units
Particulars Amount Units 2000 Sales 148000 Less: Variable Cost 78900 Contribution 69100 Less: Fixed Cost 55800 Net Income 13300