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Decrease my Problem 12.23 LO 7, 8, 9, 11 Prepare a contribution margin format income...

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Decrease my Problem 12.23 LO 7, 8, 9, 11 Prepare a contribution margin format income statement: calculate break even point Presented here is the income statement for Big Shot Inc. for the month of May Sales Cost of goods sold Gross profit Operating expenses Operating loss $65 000 56.000 $ 9,000 14.000 $15.000 Based on an analysis of cost behavior patterns, it has been determined that the com- pany's contribution margin ratio is 20%. Required: a. Rearrange the preceding income statement to the contribution margin format b. If sales increase by 30%, what will be the firm's operating income? c. Calculate the amount of revenue required for Big Shot to break even. moonia nomat

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