value: 7.18 points Marano Corporation produces and sells a single product. In Oc

Question

value: 7.18 points Marano Corporation produces and sells a single product. In October, the company sold 1,600 units. Its total sales were $162,000, its total variable expenses were $80,800, and its total fixed expenses were $57,700. Required: a. Construct the company's contribution format income statement for October. (Do not round intermediate calculations.) et operating income b. Redo the company's contribution format income statement assuming that the company sells 1,500 units. (Do not round intermediate calculations.) et operating income

Explanation / Answer

a) Contribution format income statement

b) Contribution format income statement

Sales 162000 Less; Variable cost -80800 Contribution margin 81200 Less: Fixed expense -57700 Net operating income 23500

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