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Prepare income statement for toussant in contribution margin

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Reference no: EM132762581

Problem - Contribution Margin - Toussant Company sells 20,000 units at $120 per unit. Variable costs are $90 per unit, and fixed costs are $250,000.

Required -

a. Prepare an income statement for Toussant in contribution margin format.

b. Determine Toussant's (1) contribution margin ratio and (2) unit contribution margin.

c. How much would operating income change if Toussant's sales increased by 3,000 units?

Reference no: EM132762581

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