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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) $ 330,000 Variable expenses 150,000 Contribution margin 180,000 Fixed expenses 106,500 Net operating income $ 73,500 Required: Redo the company's contribution format income statement assuming that the company sells 5,200 units.
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