Zhao Co. has fixed costs of $455,600. Its single product sells for $191 per unit, and...

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Zhao Co. has fixed costs of $455,600. Its single product sells for $191 per unit, and variable costs are $124 per unit. The c

Answer 1

Answer #1

Answer:

Contribution Margin Income Statement for the year ended December 31, 2019

Sales (10000 units X $191 per units)	$ 1,910,000.00

Less: Variable Cost (10000 units X $ 124 per units)	$ (1,240,000.00)

Contribution Margin	$ 670,000.00

Less: Fixed Expenses	$ (455,600.00)

Net Profit	$ 214,400.00

Answer 2

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