In December, Mccullum Corporation sold 2,900 units of its only product. Its total sales were $281,300, its total variable expenses were $130,500, and its total fixed expenses were $122,600.
Required:
a. Construct the company's contribution format income statement for December.
b. Redo the company's contribution format income statement assuming that the company sells 3,100 units.

Question

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The Answer of In December, Mccullum Corporation sold 2,900 units of its only product. Its total sales were $281,300, its total variable expenses were $130,500, and its total fixed expenses were $122,600.
Required:
a. Construct the company's contribution format income statement for December.
b. Redo the company's contribution format income statement assuming that the company sells 3,100 units.

In December, Mccullum Corporation Sold 2,900 Units of Its Only