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Prepare a contribution margin income statement for 2018

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Reference no: EM132315623

Question :

Hudson Co. reports the contribution margin income statement for 2017.

HUDSON CO.

Contribution Margin

Income Statement

Sales (9,000 units at $280 each)

$2,520,000

Variable costs (9,000 units at $210 each)

1,890,000

Contribution margin

$630,000

Fixed costs

504,000

Pretax income

$126,000

Assume sales for 2018 decrease by 5%. Prepare a contribution margin income statement for 2018.

HUDSON CO.

Contribution Margin Income Statement

Year Ended December 31, 2018

Sales

Variable costs

Contribution margin

Fixed costs

Income (pretax)

Reference no: EM132315623

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