Presented here is the income statement for Fairchild Company for March: Sales Cost of goods sold Gross profit Operating expenses Operating income $ 81,000 40,000 $ 41,000 30,500 $ 10,500 Based on an analysis of cost behavior patterns, it has been determined that the company's contribution margin ratio is 27%. Required: a. Rearrange the preceding income statement to the contribution margin format. b. Calculate operating income if sales volume increases by 6%. c. Calculate the amount of revenue required for Fairchild to break even. Complete this question by entering your wor

Pricing is used as a term in finance and economics, pricing is the process of fixing a value for a product or a service. Pricing establishes a value for a product or service that the customer has to pay. A business can choose from different strategies wh…