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Gonyo Inc., which produces and sells a single product, has provided the following contribution format income statement for December appears below: Sales (5,000 units) $
Gonyo Inc., which produces and sells a single product, has provided the following contribution format income statement for December appears below:
Sales (5,000 units) | $ | 295,000 |
Variable expenses | 150,000 | |
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Contribution margin | 145,000 | |
Fixed expenses | 104,200 | |
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Net operating income | $ | 40,800 |
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Redo the company's contribution format income statement assuming that the company sells 5,200 units. |
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