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Need help please! Gonyo Inc., which produces and sells a single product, has provided the following contribution format income statement for December appears below: Sales
Need help please!
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) | $ | 335,000 |
Variable expenses | 200,000 | |
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Contribution margin | 135,000 | |
Fixed expenses | 105,000 | |
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Net operating income | $ | 30,000 |
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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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