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Giannini Incorporated, which produces and sells a single product, has provided the following contribution format income statement for March: Sales (5,000 units) $ 295,000 Variable
Giannini Incorporated, which produces and sells a single product, has provided the following contribution format income statement for March:
Sales (5,000 units) | $ 295,000 |
---|---|
Variable expenses | 100,000 |
Contribution margin | 195,000 |
Fixed expenses | 105,800 |
Net operating income | $ 89,200 |
Required:
Redo the company's contribution format income statement assuming that the company sells 5,200 units. (Do not round intermediate calculations.)
Giannini Incorporated, which produces and sells a single product, has provided the following contribution format income statement for March: Required: Redo the company's contribution format income statement assuming that the company sells 5,200 units. (Do not round intermediate calculations.)Step by Step Solution
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