Chapter 6 Mastery

Giannini Inc., which produces and sells a single product, has provided the following contribution format income statement for March:

Sales (5,000 units)	$	315,000
Variable expenses		150,000
Contribution margin		165,000
Fixed expenses		104,600
Net operating income	$	60,400

Required:

Redo the company's contribution format income statement assuming that the company sells 5,200 units. (Do not round intermediate calculations.)