Marano Corporation produces and sells a single product. In October, the company sold 6,200 units. Its total sales were $223,200, its total variable expenses were $105,400, and its total fixed expenses were $100,400.
Required:
a. Construct the company's contribution format income statement for October.
b. Redo the company's contribution format income statement assuming that the company sells 6,400 units.

Question

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The Answer of Marano Corporation produces and sells a single product. In October, the company sold 6,200 units. Its total sales were $223,200, its total variable expenses were $105,400, and its total fixed expenses were $100,400.
Required:
a. Construct the company's contribution format income statement for October.
b. Redo the company's contribution format income statement assuming that the company sells 6,400 units.

Marano Corporation Produces and Sells a Single Product