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We will learn how the contribution margin income statement can be expressed in equation form. We will also learn how to use that equation to determine how a change in sales volume impacts a company's net operating income (or profit). Knowledge Check 01 Quantum Corporation sold 1,000 units, reported sales of $100,000, and incurred fixed expenses of $18,000 during March. Its variable expenses are $80 per unit. What was the company's profit? $2,000 $62,000 $82,000 Cannot be determined using the information provided