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Author Question: Complete each of the following contribution format income statements by supplying the missing ... (Read 50 times)

kmcolvin

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Question 1

Complete each of the following contribution format income statements by supplying the missing amounts.

Blue Co.Red, Inc.
Sales revenue?      $45,000
Variable costs  21,000      ?      
Contribution margin 9,000 25,000
Fixed costs     ?        12,000
Operating income2,500?      
Income taxes     ?           4,000
Operating income$  1,750      ?      


Question 2

Complete each of the following contribution format income statements by supplying the missing numbers.

Blue Co.Red, Inc.
Sales revenue?      $60,000
Variable costs   9,000      ?      
Contribution margin?       40,000
Fixed costs  12,000      ?      
Operating income?      ?      
Income taxes    1,600     4,000
Operating income$  4,800 $16,000


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Marked as best answer by kmcolvin on Feb 5, 2023

xinyifff

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kmcolvin

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Reply 2 on: Feb 5, 2023
YES! Correct, THANKS for helping me on my review


gcook

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Reply 3 on: Yesterday
Wow, this really help

 

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