Unformatted text preview: 450,000 Contribution Margin 300,000 Fixed Costs 300,000 Net Income $ 0 This income statement format is known as the contribution margin income statement and is used for internal reporting only. The $1.80 per unit or $450,000 of variable costs represent all variable costs including costs classified as manufacturing costs, selling expenses, and administrative expenses. Similarly, the fixed costs represent total manufacturing, selling, and administrative fixed costs....
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This note was uploaded on 11/16/2011 for the course ACCT 2310 taught by Professor Staff during the Spring '09 term at Texas State.
- Spring '09