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Consider the following information from the income statement of Ashbrook Company: Selling price per unit $ 100 Variable expenses per unit $ 50 Contribution margin
Consider the following information from the income statement of Ashbrook Company: Selling price per unit $ 100 Variable expenses per unit $ 50 Contribution margin per unit $ 50 Contribution margin ratio 50% Fixed expenses $ 20,000 Net operating income $ 30,000 If sales increase from 1,000 units to 1,500 units, what is the companys revised profit amount? multiple choice 2 $25,000 $45,000 Incorrect $30,000 $15,000
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