Colen Corporation produces and sells a single product. In January, the company s
ID: 2482633 • Letter: C
Question
Colen Corporation produces and sells a single product. In January, the company sold 3,200 units. Its total sales were $312,000, its total variable expenses were $169,600, and its total fixed expenses were $74,800.
Construct the company's contribution format income statement for January. (Input all amount as positive values.)
Redo the company's contribution format income statement assuming that the company sells 3,100 units. (Do not round intermediate calculations. Input all amount as positive values.)
Colen Corporation produces and sells a single product. In January, the company sold 3,200 units. Its total sales were $312,000, its total variable expenses were $169,600, and its total fixed expenses were $74,800.
Explanation / Answer
Colen Corporation
Sales 312000
less: variable expenses (169600)
Contribution 142400
less: fixed expenses (74800)
operating income 67600
b.
Sales [ 3100 * 97.5 ] 302250
less: variable expenses (164300)
Contribution 137950
less: fixed expenses (74800)
operating income 63150.