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Larson Corporation sells a popular brand of cattle feed with a retail selling price of $83 and a contribution margin ratio of 37%. Assume budgeted
Larson Corporation sells a popular brand of cattle feed with a retail selling price of $83 and a contribution margin ratio of 37%. Assume budgeted fixed expenses are $29,862 per month and standard volume is 2,000 units per month.
What would be net operating income (NOI) if the monthly fixed advertising budget increased by $4,565 and the monthly sales volume increased by 11%? Round your final answer to two decimals if necessary.
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