Question
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 | 100,000 | |
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| Contribution margin | 195,000 | |
| Fixed expenses | 105,800 | |
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| Net operating income | $ | 89,200 |
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| Required: |
| Redo the company's contribution format income statement assuming that the company sells 5,200 units. |
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Net operating income: |
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Hospitality Financial Accounting
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Agnes L.
2nd Edition
9780470598092, 470083603, 978-0470083604
