In November, Townhouse Corporation sold 2,100 units of its only product. Its total sales were $195,300, its total variable costs were $84,000, and its total fixed costs were $98,700.
Required:
a. Construct the company's contribution format income statement for November in good form.
b. Redo the company's contribution format income statement assuming that the company sells 2,300 units.

Question

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The Answer of In November, Townhouse Corporation sold 2,100 units of its only product. Its total sales were $195,300, its total variable costs were $84,000, and its total fixed costs were $98,700.
Required:
a. Construct the company's contribution format income statement for November in good form.
b. Redo the company's contribution format income statement assuming that the company sells 2,300 units.

In November, Townhouse Corporation Sold 2,100 Units of Its Only