Folsom Inc., which produces and sells a single product, has provided the following contribution format income statement for August: Sales (4,600 units)$105,800Variable costs 41,400Contribution margin 64,400Fixed costs 46,000Operating profit$18,400Required:Redo the company's contribution format income statement assuming that the company sells 4,500 units.
What will be an ideal response?
| Sales (4,500 units × $23) | $ | 103,500 |
| Variable costs (4,500 units × $9) | 40,500 | |
| Contribution margin | 63,000 | |
| Fixed costs | 46,000 | |
| Operating profit | $ | 17,000 |
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