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FOX COMPANY
PROJECTED INCOME STATEMENT
FOR THE YEAR ENDING DECEMEBER 31, 2004
Revenues
$400,000
Variable Costs:
Variable manufacturing costs
$100,000
Variable selling costs
60,000
Total Variable Costs
160,000
Contribution Margin
$240,000
Fixed Costs:
Fixed manufacturing costs
$110,000
Fixed selling and administrative costs
70,000
Total Fixed Costs
180,000
Income
$60,000
The projected income statement was based upon sales of 20,000 units. Fox has the capacity to produce 25,000 units during the year.
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