Menlo Company distributes a single product. The companys sales and expenses for last month follow:

	Total			Per Unit
Sales	$	450,000		$	30
Variable expenses		180,000			12
Contribution margin		270,000		$	18
Fixed expenses		216,000
Net operating income	$	54,000

3-b. Verify your answer by preparing a contribution format income statement at the target sales level Menlo Company Contribution Income Statement Total Per unit 3-b. Verify your answer by preparing a contribution format income statement at the target sales level Menlo Company Contribution Income Statement Total Per unit