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QUESTION 20 Titou Co.'s contribution format income statement for the most recent month is shown below: Total Per Unit Sales (42,000 units) $ 378,000 $

QUESTION 20

Titou Co.'s contribution format income statement for the most recent month is shown below:

Total

Per Unit

Sales (42,000 units)

$ 378,000

$ 9.00

Variable expenses

252,000

6.00

Contribution margin

126,000

$ 3.00

Fixed expenses

46,000

Net operating income

$ 80,000

What would be the revised net operating income if the selling price increases by $1.20 per unit, fixed expenses increase by $7,000, and the number of units sold decreases by 5%? Do not include a dollar sign in your response.

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