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Gonyo Inc, which produces and sells a single product, has provided the following contribution format income statement for December Sales (3.200 units) $252,800 Variable expenses

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Gonyo Inc, which produces and sells a single product, has provided the following contribution format income statement for December Sales (3.200 units) $252,800 Variable expenses 118 400 Contribution margin 134.400 Fixed expenses 113.600 Net operating income $20 800 Assume the company now has sales level of 3.400 units Assuming the new sales level of 3,400 unit, compute Total Fixed Costs

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