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Newlin Company's contribution format income statement for the recent month is shown below: Sales (7,100 units) Variable expenses Contribution margin Fixed expenses Net operating income
Newlin Company's contribution format income statement for the recent month is shown below: Sales (7,100 units) Variable expenses Contribution margin Fixed expenses Net operating income Total $ 241,400 127,800 113,600 55,600 $ 58,000 Per Unit % 14.00 18.00 % 16.00 Required: (Consider each case independently) 1. What would be the revised net operating income per month if the sales volume increases by 70 units? 2. What would be the revised net operating Income per month if the sales volume decreases by 70 units? 3. What would be the revised net operating income per month if the sales volume is 6,100 units? 1. Revised net operating income 2. Revised net operating income 3. Revised net operating income Last period Hartig Corporation sold 37,000 units, total sales were $282,000, total variable expenses were $219,960, and fixed expenses were $36,100. Required: 1. What is the company's contribution margin (CM) ratio? 2. What is the estimated change in the company's net operating Income if it can increase total sales by $2,100? (Do not round intermediate calculations.) % 1. Contribution margin ratio 2. Estimated change in net operating income
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