Folsom Inc., which produces and sells a single product, has provided the following contribution format income statement for August:
$$\begin{array} { l r }
\text { Sales (4,600 units) } & \$ 105,800 \
\text { Variable costs } & 41,400 \
\text { Contribution margin } & 64,400 \
\text { Fixed costs } & 46,000 \
\text { Operating profit } & \$ 18,400
\end{array}$$
Required:
Redo the company's contribution format income statement assuming that the company sells 4,500 units.

Question

Folsom Inc., which produces and sells a single product, has provided the following contribution format income statement for August:
 $$\begin{array} { l r } 
\text { Sales (4,600 units) } & \$ 105,800 \
\text { Variable costs } & 41,400 \
\text { Contribution margin } & 64,400 \
\text { Fixed costs } & 46,000 \
\text { Operating profit } & \$ 18,400
\end{array}$$ 
Required:
Redo the company's contribution format income statement assuming that the company sells 4,500 units.

Quizplus · Accepted Answer

The Answer of Folsom Inc., which produces and sells a single product, has provided the following contribution format income statement for August:
 $$\begin{array} { l r } 
\text { Sales (4,600 units) } & \$ 105,800 \
\text { Variable costs } & 41,400 \
\text { Contribution margin } & 64,400 \
\text { Fixed costs } & 46,000 \
\text { Operating profit } & \$ 18,400
\end{array}$$ 
Required:
Redo the company's contribution format income statement assuming that the company sells 4,500 units.

Folsom Inc Required: Redo the Company's Contribution Format Income Statement Assuming That

Folsom Inc Required:
Redo the Company's Contribution Format Income Statement Assuming That