A summarized contribution margin income statement can be used to prove these calculations

A summarized contribution margin income statement can be used to prove these calculations

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A summarized contribution margin income statement can be used to prove these calculations.  The Three M's, Inc. Income Statement 20X0 Targeted Net Income Sales (333,333 * units × $3)
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Unformatted text preview: $1,000,000 Variable Costs (333,333 * units $1.80) 600,000 Contribution Margin 400,000 Fixed Costs 300,000 Income before Taxes 100,000 Income Taxes (40%) 40,000 Net Income $ 60,000...
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