Chita Corporation Produces and Sells a Single Product Required:
Redo the Company's Contribution Format Income Statement Assuming That

question 81

Essay

Chita Corporation produces and sells a single product.The company's contribution format income statement for January appears below:
$$\begin{array} { | l | r | } \hline \text { Sales } ( 5,500 \text { units) } & \$ 297,000 \\\hline \text { Variable costs } & 165,000 \\\hline \text { Contribution margin } & 132,000 \\\hline \text { Fixed costs } & \underline{105,300} \\\hline \text { Operating protit } & \$ 26,700 \\\hline\end{array}$$
Required:
Redo the company's contribution format income statement assuming that the company sells 5,700 units.