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2. Giannini Inc., which produces and sells a single product, has provided the following contribution format income statement for March: Sales (5,000 units) Variable expenses
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Giannini Inc., which produces and sells a single product, has provided the following contribution format income statement for March: Sales (5,000 units) Variable expenses Contribution margin Fixed expenses Net operating income $ 320,000 150,000 170,000 104,700 $ 65,300 Required: Redo the company's contribution format income statement assuming that the company sells 5,200 units. (Do not round intermediate calculations.) Ingrum Corporation produces and sells two products. In the most recent month, Product R38T had sales of $30,500 and variable expenses of $8,340.Product X08S had sales of $51,500 and variable expenses of $23,640. The fixed expenses of the entire company were $35,380. The break-even point for the entire company is closest to: A manufacturer of tiling grout has supplied the following data: Kilograms produced and sold Sales revenue Variable manufacturing expense Fixed manufacturing expense Variable selling and administrative expense Fixed selling and administrative expense Net operating income 350,000 $1,900,000 $ 955,000 $ 256,000 $ 366,000 $ 222,000 $ 101,000 The company's contribution margin ratio is closest toStep by Step Solution
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