Zhao Co. has fixed costs of $429,000. Its single product sells for $187 per unit, and variable costs are $122 per unit
Zhao Co. has fixed costs of $429,000. Its single product sells for $187 per unit, and variable costs are $122 per unit. The company expects sales of 10,000 units. Prepare a contribution margin income statement for the year ended December 31, 2017.
Homework Answers
| Zhao Co. | ||
| Contribution margin Income statement | ||
| Sales (10000 X $187) | $ 18,70,000 | |
| Less: | Variable cost (10000 X $122) | $ 12,20,000 |
| Contribution margin | $ 6,50,000 | |
| Less: | Fixed cost | $ 4,29,000 |
| Net Income | $ 2,21,000 | |
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Zhao Co. has fixed costs of $429,000. Its single product sells for $187 per unit, and variable costs are $122 per unit
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