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) | $ | 310,000 |
| Variable expenses | 125,000 | |
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| Contribution margin | 185,000 | |
| Fixed expenses | 106,100 | |
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| Net operating income | $ | 78,900 |
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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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Sawyers Internal Auditing Enhancing And Protecting Organizational Value
Authors: The Internal Audit Foundation
7th Edition
1634540522, 9781634540520
