Question
The following income statement for the Kyles Corporation is provided: Sales revenue (2,000 * $5) $10,000 Variable COGS (2,000 * $1.25) -$2,500 Fixed COGS -$4,000
The following income statement for the Kyles Corporation is provided: Sales revenue (2,000 * $5) $10,000 Variable COGS (2,000 * $1.25) -$2,500 Fixed COGS -$4,000 Gross Margin $3,500 Depreciation -$1,000 Supplies (2,000 * $0.50) -$1,000 Net Income $1,500 If sales increase to 2,500 units, what will be the companys contribution margin?
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Effective Communications
Authors: Elearn
1st Edition
1138456136, 9781138456136
