Question
Herman's income statement is as follows: Sales (10,000 units) $40,000 Less variable costs - 24,000 Contribution margin $16,000 Less fixed costs - 12,000 Net income
Herman's income statement is as follows:
Sales (10,000 units)
$40,000
Less variable costs
- 24,000
Contribution margin
$16,000
Less fixed costs
- 12,000
Net income
$ 4,000
If sales increase by $10,000, profits will:
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College Accounting Chapters 1-27
Authors: James A. Heintz, Robert W. Parry
23rd edition
1337794759, 978-1337794756
