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Show a contribution income statement for the year ended dec

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Contribution Income Statement and Operating Leverage

Willamette Valley Fruit Company started as a small cannery-style operation in 1999. The company now processes, on average, 20 million pounds of berries each year. Flash-frozen berries are sold in 30 pound packs to retailers. Assume 650,000 packs were sold for $75 each last year. Variable costs were $42 per pack and fixed costs totaled $14,250,000.

Problem (a) Show a contribution income statement for the year ended December 31. HINT: Use a negative sign with both "costs" answers.

Reference no: EM132733595

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