Determine the amount of revenue

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Reference no: EM1314909

CVP Analysis - BEP

Prepare a contribution margin format income statement; calculate break-even point: Presented here is the income statement for Edwards Co. For February:

Sales...............	$80,000
Cost of goods sold..............		$48,000
Gross profit........	$32,000
Operating expenses.............	$21,200
Operating income ...............	$10,800

Required:

a. Rearrange the preceding income statement to the contribution margin format.

b. Calculate operating income if sales volume increases by 20%. (note: Do not construct an income statement to get your answer.)

c. Calculate the amount of revenue required for Edwards to break even

Reference no: EM1314909

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