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Prepare a contribution margin income statement

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Reference no: EM133042635

Problem - Blanchard Company manufactures a single product that sells for $104 per unit and whose total variable costs are $78 per unit. The company's annual fixed costs are $369,200.

Required -

(1) Prepare a contribution margin income statement for Blanchard Company showing sales, variable costs, and fixed costs at the break-even point.

(2) Assume the company's fixed costs increase by $127,000. What amount of sales (in dollars) is needed to break even?

Reference no: EM133042635

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