Solution-Prepare an income statement for the game last year

Prepare an income statement for the game last year

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Reference no: EM132762265

Magic Realm, Inc. has developed a new fantasy board game. The company sold 16,000 games last year at a selling price of $21 per game. Fixed costs associated with the game total $182,000 per year, and variable costs are $8 per game. Production of the game is entrusted to a printing contractor. Variable costs consist mostly of payments to this contractor.

Required:

Problem 1: Prepare an income statement for the game last year.

Problem 2: Compute the degree of operating leverage. (Round your answer to 2 decimal places.)

Reference no: EM132762265

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Prepare an income statement for the game last year

Reference no: EM132762265

Reference no: EM132762265

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