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Question(s) / Instruction(s):

Albert Company makes organic fertilizer and has supplied the following data: Bags produced and sold = $ 680,000 Sales revenue = $4,352,000 Variable Manufacturing Expense = $1,972,000 Fixed manufacturing expense = $730,000 Variable selling and administrative expense = $782,000 Fixed selling & Administrative = $412,000

Required:

A. Prepare a contribution format income statement for the year ended December 31, 2012B. Compute the Net Operating Income if the sales revenue increases 30% (Hint: compute operating leverage) 

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