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Engberg Company installs lawn sod in home yards. The companys most recent monthly contribution format income statement follows: Amount Percent of Sales Sales $ 135,000
| Engberg Company installs lawn sod in home yards. The companys most recent monthly contribution format income statement follows: |
| Amount | Percent of Sales | ||
| Sales | $ | 135,000 | 100% |
| Variable expenses | 54,000 | 40% | |
| Contribution margin | 81,000 | 60% | |
| Fixed expenses | 18,000 | ||
| Net operating income | $ | 63,000 | |
| Construct a new contribution format income statement for the company assuming a 29% increase in sales. | |||
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Energy Audit And Management Concept Methodologies Procedures And Case Studies
Authors: L. Ashok Kumar, Gokul Ganesan
1st Edition
978-1032067797
