Colen Corporation produces and sells a single product.In January,the company sold 1,700 units.Its total sales were $153,000,its total variable expenses were $79,900,and its total fixed expenses were $56,800.
Required:
a.Construct the company's contribution format income statement for January in good form.
b.Redo the company's contribution format income statement assuming that the company sells 1,600 units.

Question

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The Answer of Colen Corporation produces and sells a single product.In January,the company sold 1,700 units.Its total sales were $153,000,its total variable expenses were $79,900,and its total fixed expenses were $56,800.
Required:
a.Construct the company's contribution format income statement for January in good form.
b.Redo the company's contribution format income statement assuming that the company sells 1,600 units.

Colen Corporation Produces and Sells a Single Product