Traditional statement vs contribution, how do profits change if sales volume changes
Explain what you would have to do to project profits using the traditional format if sales were to increase 20%.
Explain how and why it would be easier if the contribution format were used.
Describe the steps needed to create a contribution format income statement.
Include 1 data slide and examples of a traditional format income statement and the equivalent contribution format, based on that data.
Use charts when appropriate to make it visually interesting.