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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) | $ | 275,000 |
| Variable expenses | 100,000 | |
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| Contribution margin | 175,000 | |
| Fixed expenses | 105,400 | |
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| Net operating income | $ | 69,600 |
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| Redo the company's contribution format income statement assuming that the company sells 5,800 units. |
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