Giannini Inc., which produces and sells a single product, has provided the following contribution format income statement for March: Required:
Redo the company's contribution format income statement assuming that the company sells 5,500 units.

Contribution Format

A type of income statement presentation that separates fixed costs from variable costs, helping to understand the profitability of a company.

Income Statement

A financial statement that summarizes a company's revenues, expenses, and profits or losses over a specific period.