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Prepare an income statement in contribution margin format

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Reference no: EM131706685

Sarah's T-Shirts

Sarah's T-Shirts business makes and sells tie dyed and embroidered T-Shirts. Sales information for the last year is shown below. During the year, Sarah's fixed manufacturing costs were $40,000 and fixed Selling and Administrative costs were $50,000.

 

 

Tie Dyed

Embroidered

Sales units

 

15,000

8,000

Unit price

 

$ 12

$ 18

Variable manufacturing cost/unit

$  7

$   9

Sales commission (% sales)

10%

15%

Prepare an Income Statement in Contribution Margin format for Sarah's business.Calculate breakeven units and revenue for her totalbusiness.

Reference no: EM131706685

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