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Assume the following information: Amount Per Unit Sales $ 300,000 $ 40 Variable expenses 120,000 16 Contribution margin 180,000 $ 24 Fixed expenses 116,000 Net
Assume the following information:
| Amount | Per Unit | |
|---|---|---|
| Sales | $ 300,000 | $ 40 |
| Variable expenses | 120,000 | 16 |
| Contribution margin | 180,000 | $ 24 |
| Fixed expenses | 116,000 | |
| Net operating income | $ 64,000 |
If the selling price per unit increases by 10% and unit sales drop by 5%, then the best of estimate of the new net operating income is:
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