Folsom Inc Required:
Redo the Company's Contribution Format Income Statement Assuming That

Essay

Folsom Inc. ,which produces and sells a single product,has provided the following contribution format income statement for August:

$$\begin{array} { | l | r | } \hline \text { Sales } ( 4,600 \text { units) } & \$ 105,800 \\\hline \text { Variable costs } & 41,400 \\\hline \text { Contribution margin } & 64,400 \\\hline \text { Fixed costs } &\underline{ 46,000 }\\\hline \text { Operating protit } & \$ 18,400 \\\hline\end{array}$$
Required:
Redo the company's contribution format income statement assuming that the company sells 4,500 units.