### Purpose a contribution margin format income statement

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##### Reference no: EM1314913

CVP Analysis - BEP

Prepare a contribution margin format income statement; calculate break-even point: Presented here is the income statement for Edwards Co. For February:

 Sales............... \$80,000 Cost of goods sold.............. \$48,000 Gross profit........ \$32,000 Operating expenses............. \$21,200 Operating income ............... \$10,800

Required:

a. Rearrange the preceding income statement to the contribution margin format.

b. Calculate operating income if sales volume increases by 20%. (note: Do not construct an income statement to get your answer.)

c. Calculate the amount of revenue required for Edwards to break even

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