Prepare a new contribution format income statement under, Ask an Expert

Management Studies

Travelers aid most recent income statement follows:

Total Per unit
Sales (3000 units) $90,000 $30.00
Variables expenses $54,000 $18.00
Contribution margin $36,000 $12.00
Fixed expenses $22,000
Net operating income $14,000

Prepare a new contribution format income statement under the following condition:

The sales volume increases by 150 units. (New sales are 3,150 units)

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Business Management, Management Studies

Category:- Business Management
Reference No.:- M9111095

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